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Calvert County authorizes transfer of 2025 housing bond allocation to state program
Summary
The Board of County Commissioners authorized the board president to sign a letter transferring Calvert County’s fiscal year 2025 private activity bond housing allocation to Maryland’s Department of Housing and Community Development for the on‑behalf program, which pools county allocations to support mortgage assistance and housing loans.
Calvert County’s Board of County Commissioners voted May 6 to authorize the board president to sign a letter transferring the county’s fiscal year 2025 private activity housing bond allocation to the Maryland Department of Housing and Community Development (DHCD) for participation in the state’s “on behalf of” (OBO) bonds program.
Director of Community Resources Jennifer Moreland presented the item, describing the county’s allocation and how the OBO program works. “Calvert County government’s fiscal year 2025 housing bond allocation is $4,360,083,”…
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