Millions Awarded for Housing Assistance

The Redevelopment Authority of Prince George’s County (web site HERE) received $735,000 for homebuyers to receive down payment assistance in 5 zip codes.  WHICH 5 zip codes is currently a mystery to me.  I called their office (301) 883-5300 and was told to visit the website.  I was already at the website. Then I was told to check the right navigation bar, still no information. Of course I was transferred in to the line of a Cheryl Roberts, where I left a message.  I’ll give you information as soon as I hear back.  Enterprise Community Partners  (web site HERE) was awarded $3 million to acquire and preserve rental units in a multi-family rental development in Hyattsville and to use funds in a revolving loan fund once permanent financing is in place.  Not a day too soon for this money in Hyattsville because that area is in revitalization mode at a pace where affordable housing will need major help if it is to continue to exist.

The Attorneys General National Mortgage Settlement provided Maryland with $59 million, from which $14 million was designated for Neighborhood Stabilization programs. Another settlement, the $120 million national settlement with Lender Processing Services, Inc., provided Maryland with $2.9 million. In January, Lender Processing Services, Inc., settled allegations that it engaged in improper robo-signing and surrogate signing on mortgage defaults and foreclosures.