The MIHU Program is an inclusionary zoning program that requires developers of new housing in specific zoning districts to sell a portion (generally 10-15%) of the dwelling units to households of moderate income. MIHUs are sold at affordable prices set by DHCD.
MIHUs are priced as much as $100,000 or more below comparable market rate homes. Prices range from approximately $244,300 for a new condominium to $370,000 for a new townhouse and prices vary depending upon the unit size, number of bedrooms and bathrooms, and amenities. Previously owned condominiums and townhouses are usually priced slightly lower. MIHU’s are interspersed throughout each community and homeowners enjoy the same community amenities as market rate purchasers.
MIHU Homeownership Open Enrollment
Open enrollment periods for the MIHU homeownership program are held quarterly. Anyone interested in purchasing an MIHU must complete an application during one of four open enrollment periods held throughout the year – during the months of January, April, July and October. Click here for a list of the required documents so that you can be prepared.
Any person or family can apply to buy an MIHU, provided their household income does not exceed the following maximums:
Effective January 1, 2023
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MIHU Application for Homeownership
The application includes information about the applicant’s income, assets and household size. In addition, an applicant may qualify for one or more purchasing preferences, such as: a first-time home buyer, living or working in Howard County, or employed by County government, the school system, or a nonprofit organization.
Once an application is received and determined complete, the applicant’s name is placed in a database. As MIHUs become available, eligible applicants are notified and invited to attend a lottery drawing to select an eligible purchaser for each home. The selected purchaser must contract with the seller, obtain a mortgage commitment, and pay all down payment and settlement costs.