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Allegany County authorizes $3.1 million transfer to Maryland Mortgage Program to back tax-exempt bonds
2889793 · April 3, 2025
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Summary
The Board authorized transfer of $3,101,189 to the Maryland Mortgage Program to support issuance of tax-exempt housing bonds for county residents and named Truist Financial as the participating local lender.
The Board of County Commissioners authorized a transfer of $3,101,189 to the Maryland Mortgage Program (MMP) to support issuance of tax-exempt housing bonds on behalf of Allegany County.
David Nedved of the county’s Community Development office described the program as providing below-rate mortgages for county residents; participants…
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