Development News for Easton, Maryland

Affordable Housing Board Considers New Program to Assist Landlords with Property Renovations

The Affordable Housing Board is exploring the expansion of its renovation program to assist landlords who own a few properties and may lack the financial means for necessary renovations. This initiative aims to improve housing conditions for tenants by offering low-interest or interest-free loans for energy-efficient upgrades like insulation and windows. The board is investigating the need and potential structure of such a program, including defining eligibility criteria for landlords and considering rent cap covenants. Initial outreach to landlords is planned to gauge interest before formalizing the program. The discussion also touched upon past renovation programs, the challenges of landlord participation, and the importance of tenant benefit and affordability.