Secretary Kenneth C. Holt Maryland Department of Housing and Community Development WholeHome September 30, 2015 Secretary Kenneth C. Holt Deputy Secretary Ellington Churchill, Jr. Maryland Department of Housing and Community Development

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development The Maryland Department of Housing & Community Development has low- interest loans and grants to help Maryland homeowners fix and upgrade their homes. We want to help with the WholeHome

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Home Repairs & Improvements

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Housing Rehabilitation Plumbing Septic Accessible Homes For Seniors (55+) LEAD Hazard Reduction

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development SafetyEnjoyment To accommodate lifestyle needs

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Non-essential or luxury costs, such as remodeling, swimming pools, spas, and cosmetic improvements that are not essential to the long-term structure soundness of the dwelling are not eligible. Sorry, we can’t help with EVERYTHING

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Repair or replacement of porches and roofs with code or safety issues We CAN help with…

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Septic system repairs and upgrades Installation of indoor plumbing (when none exists) Replacement of exterior rusted, leaky septic or water pipes

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Homeowner Ownership Occupancy Household All persons on title All persons on the property

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Income Gross Income All Persons Income Limit <= 80% AMI

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development AMI Limits Household Size Max Income Max DC Area 1Person $ 48,000$ 61,150 2Persons $ 55,000$ 69,850 3Persons $ 61,750$ 78,760 4Persons $ 68,500$ 87,350 5Persons $ 74,850$ 94,300 6Persons $ 86,400$ 101,300 7Persons $ 98,750$ 108,300 8Persons $ 111,850$ 117,800 DC Area: PG, Calvert, Charles, Frederick, Montgomery

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Contractor Licensed in good standing with the Maryland Home Improvement Commission Bids We review all bids We verify the bids and scope of work

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Up to 30 Years Interest Rate Adjusted to Affordability (0%, 2%, 4%) Payments may be DeferredDeed of Trust Loans > $5,000Note =< $5,000

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Accessible Homes For Seniors

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development NO REIMBURSEMENT FOR REPAIRS ALREADY MADE!

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Application Simple No fee Staff identifies if minimum requirements are met based on documentation

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Income Verification Copies of last 2 months pay stubs 2 years federal & state tax returns with W2s Pension and/or Social Security Award information Most recent bank statements

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Property Documentation Mortgage Verification Copy of DeedMost recent property tax bill Copy of Homeowners Insurance

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development Energy Efficiency Opportunities

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 23 What is energy efficiency? Energy efficiency is “using less energy to provide the same service.” Percentage of total energy input to a machine or equipment that is consumed in useful work and not wasted as useless heat.

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 24 The reality of most homes

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 25 Home Performance to the rescue!

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 26 Types of energy efficiency measures installed

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 27 Energy Efficiency Grant Program –For homeowners who meet the income requirements Energy Efficiency Loan Program –For homeowners who exceed the established income levels How can DHCD help ?

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 28 Energy Efficiency Grant Program Based on income, DHCD can offer energy efficiency grants to help low income Marylanders save money on utility bills; improve the comfort, health and safety of their homes; and repair or replace nonfunctioning heating systems by offering no-cost energy efficiency upgrades.

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 29 Energy Efficiency Grant Program A homeowner who already receives energy assistance is automatically eligible for the program. If not, income guidelines must be met. Size of Family UnitMaximum Annual Household Income 1$23,540 2$31,860 3$40,180 4$48,500 5$56,820 6$65,140 7$73,460 8$81,780

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 30 Energy Efficiency Grant Program After being qualified, the homeowner is referred to a network partner who will handle the scheduling, energy audit, installation of the measures, and final inspection.

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 31 Energy Efficiency Loan Program (Be SMART) If the household income exceeds the low income grant program requirements, a homeowner may qualify for the Be SMART loan program. This unsecured, low interest loan offers financing for energy efficiency upgrades to the home.

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 32 Energy Efficiency Loan Program (Be SMART) 4.99% interest rate $25,000 maximum loan amount 3, 5, and 10 year loan terms Minimum 640 credit score Maximum debt-to-income ratio of 50% No income limitations

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 33 Energy Efficiency Loan Program Complete the program application. Once approved, the homeowner is responsible for selecting a contractor from the approved contractor list.

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development 34 Contact Information Energy Efficiency Grant Program EEP/Default.aspx Energy Efficiency Be SMART Loan Program Smart/Default.aspx