Maryland Issues Record $400 Million Mortgage Revenue Bond

ANNAPOLIS, MD — In a historic financial move, the Maryland Department of Housing and Community Development announced the issuance of the largest mortgage revenue bond in its history, valued at $400 million. The governor underlined the role of such financial initiatives in paving the way for more families to build generational wealth, consequently contributing to a more equitable and competitive economy in the state. The success of this bond issuance is attributed to the CDA’s robust credit rating and the expertise of the department’s bond portfolio management team.