Community Revitalization & Economic Development

  • Glenarden Theresa Banks & Community Center Complex

  • Glenarden Veterans Memorial Park

  • Glenarden Dr. Martin Luther King, Jr. Site

  • Hayes Street Memorial Park

  • Dellwood Avenue Tot Lot & Park

  • Glenarden Commercial Property Sites

Overview
Wegmans and Costco will join this 245 acre mixed-use development to include retail, residential, hotel and office. A joint development of Petrie Ross Ventures, Greenberg Gibbons Commercial and Hovnanian Land Investment Group.

Location
Conveniently located in Glenarden, Maryland at the interchange of I-495 and Landover Road, Rte. 202 in Prince George’s County with more than 1,000 feet of frontage on the Capital Beltway / I-495.


Prince George's County Triple Play

The Maryland Department of Housing and Community Development (DHCD) and our agency, launched a partnership initiative called the "Maryland Mortgage Program Triple Play in Prince George's County." This new initiative, earmarked specifically for Prince George's County, offers homebuyers $100,000,000 million in mortgage financing with incentives that are tough to beat anywhere in the Washington metropolitan region. Here's how the initiative works:

When eligible Maryland Mortgage Program (MMP) borrowers purchase in Prince George's County, they could receive up to $20,000 in down payment and closing cost assistance. Ten thousand dollars will come from the State of Maryland as a zero interest loan that must be paid back when the buyer sells or transfers the property however the buyer is eligible for an additional $10,000 in the form a grant if they purchase a property within 14 targeted zip codes in Prince George's County. These zip codes are areas where some of the highest foreclosure rates are occurring in the County. Additional incentives included in the "MMP Triple Play in Prince George's County" include: a 0.25% discount on the interest rate of the standard MMP loan; and a tax credit for up to $2,000 annually on the homebuyer's federal income taxes for the life of the loan.

Generally, the MMP is limited to first-time homebuyers however, this requirement will be waived if the borrower is purchasing in a targeted zip code and have sold their current home prior to closing on the new property. Also, any homebuyer who has not owned a home in the last 3 years and an honorably discharged veteran who has not previously used the first-time homebuyer exemption, are eligible to participate in the MMP.

We look forward to continuing to work with our lender and realtor partners to put home ownership within reach of many more homebuyers utilizing these incredible financial incentives. I encourage you to visit the MMP website for additional information on the MMP Triple Play in Prince George's County at: mmp.maryland.gov

Sincerely, Eric C. Brown, Director

Also "My Home" Program Suspended, please read more here: "My Home" Program Suspension


Weatherization Help Available for Low-Income Households in Maryland

Low-income households across the state will receive assistance with installation of energy conservation materials in their homes at no charge through the Maryland Department of Housing and Community Development's EmPOWER Low Income Energy Efficiency program. The EmPOWER program will reduce a household's energy use, lower monthly utility bills and improve the overall health and quality of life for Maryland's working families.

The Board of Public Works earlier this month approved ten of EmPOWER's new network partner contracts, totaling $18.3 million. With the program's renewal, the department can continue to provide weatherization and energy retrofit improvements to low-income families until 2017.

"Updating homes to be more energy efficient saves hard-working families money," department Secretary Kenneth C. Holt said. "We are grateful for the support of Governor Hogan, Comptroller Franchot and Treasurer Kopp for the great work the department does to help families save money through these energy efficient upgrades."

Eligible single-family households may receive the following improvements to make their homes safer, healthier and more energy efficient: • Insulation in the attic, floors and walls • Hot water system improvements • Lighting retrofits • Furnace cleaning, tuning and safety repairs • Refrigerator retrofit • Health and safety items such as smoke and carbon dioxide detectors

For more information on the department's energy efficiency programs, visit http://dhcd.maryland.gov/Pages/energy-efficiency.aspx.

 

 

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