Baltimore is the latest city to use a voter referendum to address the question of public financing of affordable housing.
According to a Baltimore Sun report, the new ballot proposal would update the city charter to enable the creation of the Affordable Housing Trust Fund, which would provide loans and grants for the construction and maintenance of housing for low-income homeowners and renters. The advocacy group Housing for All Baltimore proposed the fund’s creation and successfully collected enough signatures to secure a spot on the November ballot.
However, the proposed charter amendment is vague regarding how this new fund would be financed. Odette Ramos, executive director of the Community Development Network of Maryland, told the Baltimore Sun that the fund could involve public and private financing, with the mayor and city council determining which projects would receive funding.
GSF Mortgage has added Pino Ude as mortgage loan originator located in Gaithersburg, Md., joining the company with 21 years of expereience in the mortgage industry. He began his career as an appraiser for a mortgage company, where he learned a lot about what to look for in a real estate property. This experience was useful as he transitioned into a role as a mortgage loan originator.
Ude became a net branch manager for a nationwide company and grew his team from two mortgage loan originators to eight loan originators. He eventually decided to open his own company where he managed 27 mortgage loan originators. Ude moved over seas to Africa for a period of time, where he managed the compliance and operations training for a mortgage company.
Due to his extensive background, Ude has cultivated numerous customer and real estate agent relationships. He plans on differentiating himself in the market by establishing new homebuilder relationships.
“I am pleased to welcome Pino to our team and we are excited to have him join GSF Mortgage," said GSF Mortgage Branch Manager Sam Fisher. "His knowledge and experience working with his clients will be a great asset."
The Maryland Association of Realtors 2016 Annual Conference & Expo will be held Monday-Wednesday, Sept. 12-14 at the Roland E. Powell Convention Center, 4001 Coastal Highway in Ocean City, Md.
Click here for more information, or contact MAR by phone at (800) 638-6425.