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O'Malley proposes extra $15 million to help build rental housing, create jobs

GOP leader criticizes government role in private enterprise
Secretary Raymond Skinner, Department of Housing and Community Development

Gov. Martin O'Malley is proposing a $15 million increase in the state's program to help build affordable rental housing, saying the bump would leverage $285 million in private investment and create 1,100 jobs in Maryland.

 

The governor said the increased spending would help address a shortage of affordable housing by providing gap financing for about 20 privately owned rental developments in the next fiscal year. But his emphasis was on the employment the money would bring.


Wayne R. Frazier, Sr. MWMCA's President said, "The Governor's proposed $1.5 million increase will double the annual allotment to $30 million and is just what we need to improve housing and get our citizens working. You go Governor Martin O'Malley for possessing vision on what's needed to keep our economy rolling."
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