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Subcommittee adopts amendment to HB 343 requiring HUD counseling information for BVRI, reduces appropriation
Summary
The Housing and Real Property Subcommittee amended House Bill 343 so recipients of Strategic Demolition Fund or Baltimore Vacants Reinvestment Initiative funding must give prospective buyers information about HUD housing counseling; the appropriation was cut from $200,000 to $90,000 and the bill advanced out of subcommittee.
The Housing and Real Property Subcommittee on Monday adopted an amendment to House Bill 343 that requires recipients of Strategic Demolition Fund (SDF) or Baltimore Vacants Reinvestment Initiative (BVRI) funding to provide prospective purchasers with information about HUD-approved housing counseling before executing a purchase contract.
Chuck Cook of the Department of Housing and Community Development told the…
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