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Click ‘Get Form’ to open the MPDU application form in the editor.
Begin by filling out the 'Apartment Complex Applying To' section at the top of the form. Ensure you select the correct property.
In the 'Applicant Information' section, provide your full name, Social Security Number, current address, and contact details. Be sure to include your employer's information and gross annual salary.
If applicable, complete the 'Co-Applicant Information' section with similar details for your co-applicant.
Fill out the 'Household Information' section by listing all household members, their relationships to you, gender, and date of birth.
Attach photocopies of required documentation as specified in the 'Documentation' section. This includes tax returns and income verification.
Finally, sign and date the certification section before submitting your completed application directly to the rental property.
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Eligibility You must be a first-time homebuyer. The home must be the owners primary residence for the full length of the 30-year MPDU period and may not be rented to others. The buyer must qualify for bank financing. The buyer must commit to own the home for a period of 30 years.
Who is eligible for affordable housing in Maryland?
While all activities funded by the Maryland Affordable Housing Trust generally serve residents with incomes of less than 50% of statewide or area median, whichever is higher, preference is given to projects that serve households with incomes of less than 30% of median.
What is the minimum income for MPDU in Maryland?
The Moderately Priced Dwelling Unit (MPDU) program has both minimum and maximum income limits that apply to purchase applicants and prospective tenants. The maximum income limits are updated annually, usually in April of each year. The minimum income limit necessary for the Purchase Program is $40,000.
How do you qualify for MPDU in Maryland?
In order to afford a home under this program, a household must earn at least $40,000 in a year to qualify to purchase an MPDU. The maximum income limits change annually, usually in the spring. For current income limits, go to the MPDU homepage at .montgomerycountymd.gov/mpdu.
What is the minimum income for MPDU?
Eligible Household Size and Maximum Income for MPDUs A household must have a minimum income of $40,000, qualify for a mortgage loan of at least $150,000, and have savings for a down payment and closing costs to purchase an MPDU. The minimum income required to rent an MPDU varies from property to property.
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To be eligible for the MPDU Program, you must complete an MPDU Program application for a Certificate of Eligibility, which entitles the person or household to buy, or rent, an MPDU. MPDU staff will review your application and supporting documentation to determine if you meet all the qualifications.
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You must provide a 2014 tax return (including schedules and W-2s) and the two most recent paystubs. (four paystubs if paid weekly) for every adult in your
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