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Housing projects in state to get loans, tax credits

THE BALTIMORE SUN

Gov. Parris N. Glendening announced yesterday that nine housing projects across Maryland have been awarded more than $5 million in state loans and federal tax credits.

The projects, selected through a new competitive process, will serve elderly, disabled and low-income residents in Baltimore City and Harford, Howard, Prince George's, Allegany, Charles and Wicomico counties.

In Baltimore, St. Elizabeth's Senior Housing will receive $548,870 in state loans and federal tax credits to renovate a former convent for elderly housing.

Also in Baltimore, Key Point Inc. will receive a $127,180 loan to acquire of a group home for six mentally ill adults, and the School 71 Project will get a $775,000 loan to help build 37 apartments for families.

In Harford County, Fountain Place Apartments will get $632,790 in loans and tax credits to build 20 new units for the elderly. The Tiber-Hudson Senior Rental Housing Project in Howard County will receive $67,980 in tax credits for 12 new units.

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