ELLICOTT CITY, MD – March 26, 2015 – (RealEstateRama) — Howard County Housing will begin accepting applications for the April open enrollment period for the County’s Moderate Income Housing Unit (MIHU) program on Wednesday, April 1. The enrollment period will end Thursday, April 30.
The MIHU program is an inclusionary zoning program that requires developers of new housing in certain zoning districts to sell or rent a percentage of the new dwelling units to households of moderate income. The program offers quality new homes at reduced sale prices and rents to income eligible individuals and families.
As part of the MIHU program, Housing will hold a free “MIHU Buyers and Renters Workshop,” on Monday, April 20 from 6:00 to 8:00 p.m. at the Gateway Building, 6751 Columbia Gateway Drive in Columbia. The workshop is open to the public and will explain the program’s eligibility requirements and application process for prospective homebuyers and renters. Consumer Credit Counseling Service of Maryland and Delaware, Inc. will also be on hand to present information regarding the importance of credit scores for buying or renting a home. For more information or to register for the workshop, contact Howard County Housing’s Homeownership Division at 410-313-6318 (select option 4).
To purchase an MIHU home, persons must apply to Howard County Housing during an open enrollment period in order to be placed in the database and on the waiting list. The applicant’s household income may not exceed 80% of Howard County’s median income which, as of January 1, 2015, is $109,476 for a family of four. Applicants must also meet minimum credit score requirements and their household income must be sufficient to qualify for a home mortgage based on industry standards. Base sale prices for MIHUs can range from $188,000 for a condominium to $297,000 for a townhome. Actual sale prices vary depending on the size and amenities of the unit. If you were not eligible in the past because of household income, Howard County Housing encourages you to check current eligibility limits.
Current MIHU homeownership opportunities are available at Ellicott Crossing, Fox Hunt Estates, Howard Square and Oxford Square. Located off Maryland Route 40 in Ellicott City, Ellicott Crossing offers three 3 bedroom townhomes with two-and-a-half baths and a one-car garage. Fox Hunt Estates, located off Maryland Route 103 in Elkridge, features in four bedroom townhomes with three-and-a-half baths, two-car garages, brick front elevations, sundecks and over 1,849 square feet of living space. Also in Elkridge, Howard Square is located off US Route 1 and offers buyers one-car garage townhomes with three bedrooms, three baths and over 1,500 square feet of living space on three finished levels. Lastly, Oxford Square is a new community located off Coca Cola Drive in Hanover and features three and four bedroom townhomes with three-and-a-half baths, two-car garages and almost 2,000 square feet of finished living space.
To rent an MIHU unit, an applicant’s household income may not exceed 60% of the Howard County median income. MIHUs are rented on a first-come, first-serve basis, with rents ranging from $1,232 to $1,905 (utilities not included). MIHUs are interspersed throughout each community and residents enjoy all of the amenities of community life. Alta at Regency Crest, Ashbury Courts, Belmont Station, Columbia Landing, Mission Place, Orchard Meadows, Orchard Park and Penniman Park are currently accepting MIHU rental applications. Prospective renters may apply directly to a participating rental community at any time during the year. Rental management addresses and phone numbers can be found on Housing’s website, www.howardcountymd.gov/housingmihu.htm.
Open enrollment periods for the MIHU purchase program are held quarterly. Interested persons should call Howard County Housing’s Homeownership Division at 410-313-6318 (select option 4) or visit the MIHU website at www.howardcountymd.gov/housingmihu.htm.
Media Contacts: Deidre McCabe, Director of Communications, Office of Public Information, 410-313-2022
Thomas P. Carbo, Director, Howard County Housing, 410-313-6318