§ 4-1204
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/md/housing-and-community-development/4-1204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–1204.
The purposes of the Program are to:
(1)provide decent, safe, and sanitary rental housing for households of lower income;
(2)provide financial assistance to political subdivisions or housing authorities to acquire, construct, reconstruct, renovate, or rehabilitate rental housing affordable to households of lower income;
(3)stimulate the development and ownership of rental housing for households of lower income by political subdivisions, housing authorities, or partnerships that include political subdivisions or housing authorities;
(4)provide financial assistance to private sector entities to acquire, construct, reconstruct, renovate, or rehabilitate housing units:
(i)for sale to political subdivisions, housing authorities, or partnerships that include political subdivisions or housing authorities, as affordable rental housing for households of lower income; or
(ii)for occupancy by households of lower income that include one or more individuals with disabilities or special needs;
(5)promote affordable housing programs and increased contributions to the production of affordable rental housing by political subdivisions, housing authorities, and the private sector, including for profit and nonprofit entities;
(6)encourage households of lower income that live in partnership rental housing to contribute actively to the operation or maintenance of the housing or the community;
(7)finance rental housing that is:
(i)to be occupied by households of lower income;
(ii)to be owned by political subdivisions or housing authorities or partnerships that include political subdivisions or housing authorities; and
(iii)expected to be financially self-sufficient, without further governmental financing for maintenance, renovation, or operating subsidies; and
(8)encourage the private sector to provide rental housing for households of lower income that include one or more individuals with disabilities or special needs.