Reference No. CB-057-2017    Draft No. 1
Type: Council Bill Status: Enacted
Meeting Body County Council
Meeting Date 7/18/2017
Introduced Date 6/20/2017 Public Hearing Date 7/18/2017 @ 10:00 AM
Effective date: 9/18/2017    
Title: AN ACT CONCERNING HOUSING INVESTMENT TRUST FUND for the purpose of amending provisions of the Prince George’s County Code relating to the Housing Investment Trust Fund.
Proposers/Sponsors: County Executive, Mary A. Lehman, Derrick Leon Davis, Dannielle M. Glaros, Deni L. Taveras, Andrea C. Harrison, Mel Franklin, Obie Patterson
Code sections: 10-295 - , 10-297 - , 10-298 - , 10-299 -
Attachments: 1. B2017057, 2. CB-57-2017 AIS, 3. CB-57-2017 Report, 4. CB-57-2017 Transmittal, 5. CB-57-2017 Legislative Comment
Related files: CB-021-2012
Contact: Estella Alexander, Deputy Director, Department of Housing and Community Development

Title

AN ACT CONCERNING HOUSING INVESTMENT TRUST FUND for the purpose of amending provisions of the Prince George’s County Code relating to the Housing Investment Trust Fund.

 

Background

This Council enacted CB-21-2012 to establish the Housing Investment Trust Fund in Prince George’s County to authorize a funding a program mechanism to address foreclosure related issues facing residents in the County.

 

The legislation seeks to enable the Fund to provide for gap financing to support the development of new construction, rehabilitation and preservation of workforce and affordable housing.

 



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