Maryland HB1466 establishes a financial assistance program to help close appraisal gaps in historically redlined neighborhoods.
Maryland HB1466 creates the Appraisal Gap From Historic Redlining Financial Assistance Program within the Department of Housing and Community Development. The program aims to assist affordable housing developers in low-income census tracts and sustainable communities, as well as individuals purchasing qualified properties at affordable prices. This initiative seeks to address the financial disparities caused by historic redlining practices.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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