Gov. Hogan announces $10 million initiative to revitalize neighborhoods, create homeownership opportunities

ANNAPOLIS, Md. – Governor Larry Hogan has announced the launch of the Homeownership Works pilot program.

We’re told this is a $10 million economic recovery initiative that will rehabilitate homes to create new homeownership opportunities.

“Homeownership Works is a game-changing approach that will serve as a national best practice for community renewal,” said Governor Hogan. “The program will revitalize neighborhoods to encourage new homeownership while helping existing homeowners and creating healthier housing markets.”

The program will be administered by the Maryland Department of Housing and Community Development. Through a mix of grant and loan investment, more than 100 Maryland homeowners are expected to benefit from new affordable homeownership opportunities, critical home repairs for existing homeowners, and an increase to the health and stability of targeted housing markets.

Included in this initiative is Pine Street in Cambridge. DHCD is working with the City of Cambridge and Habitat for Humanity Choptank, and over the next year, will work with these partners to finance the rehabilitation of vacant homes and the infill construction of new homes for adorable homeownership. It will also recruit existing homeowners in need of critical home repairs and improvements.