2013 Maryland Code
HOUSING AND COMMUNITY DEVELOPMENT
§ 10-202 - Purposes of Fund
§10-202.
(a) The Board shall use the Fund to make awards to:
(1) help acquire, build, rehabilitate, or preserve affordable housing;
(2) help nonprofit organizations develop affordable housing; and
(3) help promote affordable housing by contributing to pay the operating expenses of housing developments.
(b) In any fiscal year, the Board may use up to 5% of the Fund to pay actual operating and staffing expenses directly related to the activities of the Trust.
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