Maryland Housing Rehabilitation Program (MHRP)
The Maryland Housing Rehabilitation Program (MHRP) provides rehabilitation funds for single family, owner-occupied properties and for one to four unit rental properties. The residents must meet certain low and moderate income guidelines. This program is designed to bring properties up to applicable building codes such as exterior/interior deficiencies; accessibility improvements; health or safety violations; energy conservation; and elimination of lead-based paint hazards.
Eligible applicants must be owner-occupants of single family homes and occupy the home as their permanent, year-round residence. All residents of rental housing must have an income at or below 80 percent of the Washington, D.C. Metropolitan Statistical Area (MSA) median income depending on the property location.
The interest rates for the MHRP loans are based on the percent of the median income and the owner-occupant’s ability to repay the loan, or the overall project’s net income available to repay the loan for rental units. Generally, the maximum loan amount is 110 percent of the value of the property, taking into account any superior mortgage, for a maximum term of 20 years. Deferred payments may be considered for families at or below the 50 percent of the applicable median income. In exceptional cases, borrowers with up to 80% of median may be considered for a deferred loan. Landlords are not eligible for deferred loans.