Beyond Bending Tell You How
If you are looking for affordable housing in Maryland, one of the options you may want to consider is the MPDU (Moderately Priced Dwelling Unit) program. This program provides eligible households the opportunity to purchase or rent homes at below-market prices. In this article, we will go over the steps to apply for MPDU apartments.
Determine Your Eligibility
Before you start the application process, you need to make sure that you are eligible for the MPDU program. Generally, to qualify for the program, your household income must be at or below 80% of the area median income (AMI) for the county in which the MPDU is located. You also need to be a first-time homebuyer or a renter who has not owned a home in the past three years.
Find Available MPDU Apartments
Once you have determined your eligibility, you need to find available MPDU apartments. You can search for MPDUs on the county housing authority’s website or through a real estate agent who specializes in affordable housing. Make a list of the properties that interest you and their contact information.
Contact the Property Manager
Once you have identified the properties you are interested in, you need to contact the property manager to inquire about availability and to schedule a viewing. During the viewing, ask any questions you have about the property and the application process.
Submit Your Application
If you decide to apply for an MPDU apartment, you will need to submit an application to the property manager. The application will require you to provide information about your household income, employment, and rental or homeownership history. You may also need to provide documentation to support your application, such as pay stubs or tax returns.
Wait for the Notification
After you have submitted your application, you will need to wait for the property manager to review it and make a decision. The waiting period may vary, but it typically takes a few weeks to a few months. If your application is approved, you will be notified and given instructions on how to proceed with the purchase or rental of the MPDU apartment.
People Also Ask:
Q: Can I apply for an MPDU apartment if I already own a home?
A: No, the MPDU program is only for first-time homebuyers or renters who have not owned a home in the past three years.
Q: Are there any fees associated with applying for an MPDU apartment?
A: Yes, there may be application fees and other costs associated with the purchase or rental of an MPDU apartment. You should ask the property manager about these costs during the application process.
Q: Can I apply for an MPDU apartment if my household income is above 80% of the AMI?
A: No, you must have a household income at or below 80% of the AMI to be eligible for the MPDU program.
