TriplePlay and DoublePlay Initiatives Help More Than 450 Families Reserve Maryland Mortgage Program Loans in Prince George’s County

CROWNSVILLE, MD – DHCD announced today that the funds set aside under the Maryland Mortgage Program DoublePlay Initiative in Prince George’s County have been utilized. The program closed, effective April 8.

The DoublePlay program followed the MMP TriplePlay Initiative, one of the most successful homeownership campaigns in the history of the Maryland Mortgage Program. Using funds that Prince George’s County received from the Attorney General’s Mortgage Serving Settlement, DHCD worked closely with local government and the Prince George’s County Association of Realtors to help stabilize county neighborhoods by building homeownership.

More than 450 families reserved loans under the two programs, for a projected investment of more than $104 million.

The Maryland Mortgage Program has been the state’s flagship mortgage purchase program for more than 30 years.  Program loans are administered by a network of more than 60 private lending institutions across the state, including about 30 lenders in Prince George’s County.  Benefits of the program include pre-purchase home buyer education and significant down payment assistance for eligible buyers.

For more information on Maryland Mortgage Program offers, visit MMP.MARYLAND.GOV.

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