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MULTIFAMILY HOUSING PRODUCTION AND COMPLIANCE
This section provides information for Developers and for Property Managers on Montgomery County's multifamily housing development and rehabilitation programs. The county utilizes two main funding sources for multifamily projects including county Housing Initiative Funds (HIF) and federal HOME Investment Partnerships Program (HOME) funds.
December 9, 2009 Developer's Roundtable meeting: presentation material and handouts here.
Standard Applications
The Multifamily Section has developed two standard applications. One is for small projects, and the other is for large projects. Large projects are defined as projects with 10 or more County-funded units with $500,000 or more in County funds. Developers requesting County funds for projects with less than 10 County-funded units or requesting less than $500,000 may use the small project application.
Please contact Lawrence Cager if you need additional information. We look forward to working with you if you decide to pursue an affordable housing development in Montgomery County.
Many of the County’s HOME and HIF projects are funded with multiple funding sources. Sources like the Low-Income Housing Tax Credit (LIHTC) program and various rental subsidy programs mandate annual tenant certification to ensure that assisted units are occupied by income-eligible households. In order to eliminate duplication, the County allows property managers to use many of the certification forms developed for the LIHTC and other affordable housing programs. Samples of some of the forms most frequency used by property managers to certify the income eligibility of a prospective tenant and to recertify tenant income in subsequent years are included below. Property owners/managers are responsible for maintaining up-to-date tenant files and records that document how their assisted rental properties comply with the affordability requirements and their written agreements with the County.
