Funds to advertise mortgage loan program approved
The Board of Public Works approved $350,000 on Wednesday to give a last push to advertising the Maryland Emergency Mortgage Assistance Program.
The state received $36 million in federal funds to give out as loans to people who are in financial trouble and unable to pay their mortgages. They have a very short window to use that money – between April 2 and Sept. 30. If the funds are not used by the end of the month, they go back to the federal government.
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