EASTON, MARYLAND — Easton’s Parkway Apartments at 11 Jowite Street won $1.32 million in 9% Low Income Housing Tax Credits in the state’s Spring/Summer 2026 competitive round, per DHCD’s awards table. The LIHTC award is a federal tax-credit allocation that helps finance affordable housing through investor equity — not a cash grant of that amount to the sponsor.
Gov. Wes Moore and the Maryland Department of Housing and Community Development on Sept. 30, 2026, announced $17.6 million in funding to seven projects through federal Low Income Housing Tax Credits and state and federal rental housing programs, including $9.6 million in tax credits estimated to generate $79 million in tax-credit equity. The round is expected to create or preserve 555 affordable rental units. The governor’s Sept. 30 release described the geography as seven counties and Baltimore City; DHCD’s competitive awards table lists the seven projects across six counties and Baltimore City.
Awarded projects in this round had to meet 2026 Qualified Allocation Plan “Housing Starts Now” readiness rules, including zoning or site-plan approval, and must close financing within 12 months of the award. Applications for the second 2026 competitive round are due Oct. 21, 2026.
| Parkway Apartments (DHCD Spring/Summer 2026 LIHTC) | Record |
|---|---|
| Address | 11 Jowite Street, Easton, MD 21601 |
| Sponsor | Pax Development, LLC |
| Units | 44 |
| Type | Acquisition / Rehabilitation |
| 9% LIHTC | $1,320,000 |
| Statewide competitive total (table) | 345 units / $9,560,000 in 9% LIHTC |
Source: Office of the Governor
Drawn from public records; drafted with AI and edited by Peter Gorman before publication.
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