§ 4-1702
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/md/housing-and-community-development/4-1702A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–1702.
The General Assembly finds that:
(1)homeownership is a stabilizing factor for communities and families and is the best way for families of limited income to build equity and move out of poverty;
(2)homeownership has become less affordable over time because incomes have not kept pace with the rising costs of homeownership;
(3)self-help housing helps families of limited income to become homeowners, increasing their financial stability;
(4)families working together in groups to build their homes help to create stronger communities; and
(5)there have been three successful federally financed self-help programs in the State, and modeling a State self-help ownership program on a well-tested federal program will increase homeownership opportunities for families of limited income across the State.