grams, and Housing Management. Programs are
funded by the sale of tax-exempt revenue bonds;
construction loan notes; taxable bonds; State gen-
eral obligation bonds; general funds; special funds
generated through loan repayments, fees, and
charges; and federal housing subsidies. The Ad-
ministration also issues essential function bonds for
the Local Government Infrastructure Financing
Program administered by the Division of Commu-
nity Assistance.
Projects proposed for financial assistance must
be consistent with local priorities and complement
and supplement local community development
programs and initiatives. Projects also must meet
eligibility criteria and financing requirements (Code
1957, Art. 83B, secs. 2-203 through 2-208).

HOUSING FINANCE REVIEW COMMITTEE

Chairperson: Patricia J. Payne, Deputy Secretary
of Housing & Community Development
(410) 514-7007

The Housing Finance Review Committee was
created in 1983 (Chapter 668, Acts of 1983). The
Committee reviews specific loan requests or catego-
ries of loan requests, and the investment and project
financing policies of the Division of Housing Fi-
nance. After review, the Committee makes recom-
mendations to the Secretary of Housing and
Community Development.
Appointed by the Governor, the Committee is
composed of seven members. Three are Depart-
ment employees; two are public members who
serve four-year terms; one is a public member who
is the chairperson of the Maryland Housing Policy
Commission; and one is an employee of the execu-
tive branch of State government who is not em-
ployed by the Department (Code 1957, Art. 83B,
sec. 2-202).

RENTAL HOUSING PROGRAMS
Nancy S. Rase, Director
(410) 514-7446

The Rental Housing Production Program (RHPP)
was established by the legislature in 1986 to stimu-
late production of rental housing for lower-income
households. Funds can be used for capital assistance
to cover costs of construction, rehabilitation, or
acquisition of rental housing, or for mortgage assis-
tance to reduce the operating costs of rental hous-
ing. Local governments must make a contribution
to reduce costs or otherwise support developments
financed through the Program. Priority is given to
developments that serve households at 30 percent
or less of area median income. The Program is
funded with general funds and repayments of prin-
cipal and interest on outstanding loans.
The Multi-Family Bond Program provides below -
market-rate construction and permanent financing

using taxable and tax-exempt bonds and notes. To
be eligible, developments must set aside a portion
of the units for limited-income households.
The Maryland Housing Rehabilitation Program—
Multi-Family (MHRP—MF) is designed to preserve
the State's stock of existing housing by making
direct, low-interest loans available to the owners of
apartment buildings of five or more units and com-
mercial properties for repair and renovation. Under
the requirements of the Program, recipients of loans
for the renovation of rental properties must make
units available to low-income tenants in the same
proportion as MHRP financing to total project
costs. Authorized by the General Assembly in
1975, MHRP—MF is funded by State general ob-
ligation bonds, general funds, and by repayments
of principal and interest on outstanding loans.

The Home and Energy Loans Program—Multi-
Family (HELP—MF) provides loans for energy con-
servation, home improvements, and general
rehabilitation of multifamily rental housing. Loans
are made directly through the Community Devel-
opment Administration for rental housing with one
or more units. Funds are generated by the sale of
mortgage revenue bonds and taxable bonds. In
multifamily developments, a certain percentage of
units must be rented to limited-income families.

Created by the legislature in 1984, the Elderly
Rental Housing Program (ERHP) provides below-
market-rate or deferred payment loans to developers
who agree to construct or rehabilitate rental housing
for occupancy by low-income elderly households.
Priority is given to developments that serve the lowest
income households.

The Nonprofit Rehabilitation Program (NRP) was
formed by the General Assembly in 1986. The Pro-
gram makes loans to nonprofit organizations and local
governments to rehabilitate buildings for rental hous-
ing, congregate housing, group homes, shelters, and
other housing facilities that serve low-income house-
holds.
The Partnership Rental Housing Program (PRHP)
was authorized by the General Assembly in 1988 as a
two-year pilot program to expand the supply of af-
fordable housing for the working poor. The Program
was established by statute in 1990 (Chapter 343,Acts
of 1990). In a partnership, local governments provide
the finished site, including roads, water, sewer, and
other infrastructure, while the Community Develop-
ment Administration provides construction and per-
manent financing for rental housing units.

The Construction Loan Program (CLP) was created
in 1987 with Community Development Administra-
tion reserve funds to provide construction financing
to nonprofit organizations and local governments to
acquire, build, or rehabilitate single-family owned
homes, multifamily rental housing, congregate hous-
ing, group homes, and sheltered housing. Housing