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Plans To Move The Maryland Dhcd To Prince George’s County

[MARYLAND.GOV]  DHCD MOVE WILL STIMULATE DEVELOPMENT AND JOB CREATION IN PRINCE GEORGE’S COUNTY

Governor Martin O’Malley recently announced that he will stand beside a promise he made to Prince George’s County four years ago.  “Prince George’s County is the second biggest county in our State.  Yet in the 375 year history of our State, it has not been home to the headquarters of a state agency, until now,” said O’Malley.  His announcement focused on the process to move the Department of Housing and Community Development (DHCD) into the county.  This move could involve the relocation of 330+ employees and be located in a transit-oriented development near one of the county’s metro stations.

This move is also very important for the county because it will mean that DHCD will be closer to one of the population centers it serves most through neighborhood revitalization that promotes smart growth and sustainable communities.  So far in fiscal year 2010 DHCD invested its largest amount of money in mortgage financing in Prince George’s County.

“Governor O’Malley understands the importance of Transit-Oriented Development and the creation of livable, walkable, sustainable communities and is leading by example. The decision to relocate DHCD in Prince George’s County highlights our shared commitment to the people of Prince George’s County, and the Smart Growth principles that we share,” said Lt. Governor Brown. “In addition, the creation of the Transit-Orientated Development Designation Initiative will ensure that we provide local governments and private developers with the necessary resources, information and collaboration to invest in TOD projects here in Prince George’s County and across the State. While these are difficult economic times and it will take commercial real estate markets several years to fully recover, we know that our commitment to TOD will help set the stage for a faster recovery.”

Read the article at Maryland.Gov.

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