Settlement with BRHC and HUD

On September 22, 2017, the Department executed the Settlement with BRHC and HUD. The BRHC was a coalition of organizations to include IHI, ACLU, PRRAC and CPHA. The terms of the Settlement include, most notably, that the Department finance with Low Income Housing Tax Credits at least 1,500 units of rental housing for families in Communities of Opportunity within the Baltimore Region. Of the 1,500 units, at least 1,050 must be newly constructed, and up to 450 units may be the acquisition and rehabilitation of existing rental housing…