§ 4-915
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§4–915.
(1)The Secretary shall set upper limits on the income that a family or individual may have to qualify as a family of limited income.
(2)In setting the limits, the Secretary shall consider factors that include:
(i)the portion of the total family income available for housing;
(ii)the size of the family;
(iii)the cost and condition of available housing;
(iv)the ability of the family to compete successfully in the private housing market; and
(v)relevant standards and definitions established for federal and State housing programs.
(b)The Secretary may waive income limits for a borrower or occupant seeking a Program loan to rehabilitate a building that the State historical preservation officer finds historically or architecturally significant.