The state of Maryland is offering more relief to homebuyers - including eliminating up to $50,000 of their student debt - in light of the ongoing "inflation crisis," announced Gov. Larry Hogan today.

The state's SmartBuy program will now offer up to $50,000 in student debt payoff assistance, up from $30,000. Eligible buyers can get either 15 percent of their purchase price, or $50,000 in student debt payoff, whichever is lower.

Hogan said in a press release:

“As the country continues to deal with an inflation crisis, we are again taking steps to provide relief to Marylanders. Our SmartBuy initiative—the first of its kind in the country—has established a national model for removing persistent roadblocks to homeownership and financial security, and this expansion will allow us to help even more families.”
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