Maryland Housing and Community Development Section 4-1205

Article - Housing and Community Development

§ 4-1205.

      (a)      The Department shall:

            (1)      administer the Program;

            (2)      adopt policies and procedures that encourage partnership rental housing throughout the State; and

            (3)      adopt regulations to carry out the Program, including regulations that set minimum and maximum local contributions to the cost of each successive partnership project undertaken by a political subdivision or housing authority based on the fiscal capacity of the political subdivision or housing authority, as provided in § 4-1207(a)(8) of this subtitle.

      (b)      The Department may establish:

            (1)      maximum limits for financing that it will provide to:

                  (i)      individual partnership rental housing units;

                  (ii)      any one partnership project; or

                  (iii)      any political subdivision or housing authority;

            (2)      a process for approving financing for partnership projects that encourages a broad geographic distribution of money; and

            (3)      the time that a household may occupy the partnership rental housing after the annual income of the household exceeds the continuing occupancy income limits for households of lower income.



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