Wanted: Multi-family buildings in older neighborhoods, 50 units or more; land suited for residential
building, single or multifamily; joint venture opportunities with experienced private sector developers.
Partnership with HOC
We can be your partner! We can help you with your tax exempt financing! Looking for a land swap? Need a builder for your MPDUs?
Seeking a residential partner for your mixed-income development? We can assist.
Tax Credits
Earning Tax Credits for your business by investing in affordable housing. .
Community Reinvestment Act
Meeting your requirements
The Community Reinvestment Act (CRA) is a banking regulation enacted in 1977, which encourages financial
institutions to meet the credit needs of their local communities. HOC encourages financial institutions to enter into partnerships
with HOC that enable the achievement of CRA goals. HOC has worked successfully with a number of lenders to structure relationships
that serve low and moderate income households and fulfill the mutual goals of the lender and HOC.
Such relationships have included: Investment in Tax-Credit Partnerships; Favorable line of credit provision;
Origination of mortgage loans to low and moderate income homebuyers; training assistance to low and moderate households in budgeting and
preparation for homeownership; and assistance in marketing loan programs and financial assistance to first time homebuyers.
Because credit withdrawal is not typically a problem in Montgomery County, emphasis is placed on extension of
credit at more favorable terms than the norm and on non-compensated technical and training assistance in serving low and moderate income
residents.
Contact the Real Estate Development Divison at 240-773-9214.
