neighborhood conservation initiative final application due january 15, 2009
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Neighborhood Conservation
InitiativeFinal Application Due
January 15, 2009
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Application Details Program has been funded to State of Maryland by
federal government in response to foreclosures Over $16.9 million available statewide to
governments and public housing authorities Local Application Partners
City of Cumberland Allegany County HRDC
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Allegany County Foreclosures Heaviest rates of
foreclosure include: Neighborhoods
surrounding the central core of Cumberland
LaVale Westernport Frostburg (to a lesser
extent)
Source: MD Department of Housing and Community Development
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Targeted Cumberland Neighborhoods Boundaries Include:
Rolling Mill Chapel Hill Baltimore Ave Goethe Street Decatur Street
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Project List Provide 3 new affordable homeownership opportunities for
families with up to 120% area median income Create 5 new affordable lease to own opportunities for
households at 50% of area median income Provide pre-purchase housing counseling for homeownership
and lease-to-own programs Acquisition, rehabilitation or blight removal, and reuse of
foreclosed and/or abandoned properties Community infrastructure – HRDC parking –VA Ave Westernport Targeted Site Redevelopment Total request = $550,000.00 (Cumberland) $50,000 (County)