The College Park City-University Partnership is applying for a Metropolitan Washington Council of Governments (MWCOG) grant to support its Community Preservation Trust Program.

MWCOG’s Housing Affordability Planning Program supports neighborhood stabilization and affordable housing initiatives, and the Partnership seeks to use this funding to assist their Community Preservation Trust Program, bringing these resources to the City’s residents.

The Trust assists prospective homebuyers with purchasing homes and discourages absentee investors from turning single-family homes into student rental properties.

The Partnership has succeeded with this grant, securing $75,000 from the program last year for the same program. If awarded, funding from this grant will go towards the Trust’s administration costs. Similar to last year, the Partnership is applying for $75,000.

At tomorrow’s meeting, the City Council will consider supporting a letter for this funding application.