COC Common Area Assistance Loan Fund Informational Webinars Scheduled

Announcement Date: Friday, October 25, 2024

DHCA is pleased to announce the launch of a new COC Common Area Assistance Loan Fund for homeowner and condominium associations experiencing financial hardship in their efforts to address immediate health or safety repairs, as documented by professional assessments or government citations. Some examples of eligible common area rehabilitation projects may include failing water supply lines, elevators, fire suppression systems, underground and surface stormwater drainage, balconies, sidewalks, pathways, and parking lots.
Montgomery County has approved $1.23 million for this loan fund in Fiscal Year 2025 (through June 2025). The loan fund has a maximum individual loan of $500,000, and DHCA can only commit the approved funds. Future funding is subject to appropriation.
DHCA will accept applications starting on November 20, 2024. Applications submitted before that date will not be considered.

Townhall Webinar Schedule

 

Who should attend?

COC governing board leadership, managers, and owner members should attend to learn more about loan fund availability, eligibility, loan priorities, and the application process. Advanced registration is required.

 

• Tuesday, November 6, 2024 at 4:00-5:30pm – Common Area Assistance Loan Fund Overview/ Session One REGISTER HERE 

• Wednesday, November 7, 2024 at 6:00-7:00 pm – Common Area Assistance Loan Fund Overview/ Session Two REGISTER HERE