Maryland Department of Housing and Community Development Releases Fiscal Year 2017 Annual Report

FOR IMMEDIATE RELEASE

Maryland Department of Housing and Community Development Releases Fiscal Year 2017 Annual Report

Report details department initiatives and successes in FY 2017

New Carrollton, MD (January 25, 2018) – The Maryland Department of Housing and Community Development today released its Fiscal Year 2017 Annual Report. During this period, the department generated an economic impact of nearly $4 billion for the state, including the creation of approximately 17,000 full-time equivalent jobs and $941 million in wages and salaries. Each dollar of state funds supporting the department’s programs created more than $28 of impact statewide.

Project C.O.R.E. (Creating Opportunities for Renewal and Enterprise) experienced another successful year helping Baltimore City address blight. From program inception through FY17, 1,186 units of blight have been removed through a partnership between the Maryland Department of Housing and Community Development, the Maryland Stadium Authority, and Baltimore City. Sixty-five projects received awards to redevelop and beautify the city, making it a more attractive destination for businesses and families alike.

The department expanded Maryland’s portfolio of high quality affordable housing options. In FY17, the department funded 41 different projects, totaling $979 million, creating or preserving 4,254 housing units.

For more information on the department’s activities in FY17, read the full report here: http://bit.ly/AnnualReportFY2017.

###

MEDIA CONTACT: Sara Luell, Director of Communications, sara.luell@maryland.gov, 301-429-7803