Section 4-2501 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Opportunity zone” means an area that has been designated as a qualified opportunity zone in the State under § 1400Z–1 of the Internal Revenue Code. (c) “Qualified workforce housing project” means a workforce housing project in an opportunity zone that meets requirements for eligibility for the […]
Section 4-2502 – Application for Credit
(a) The owner of a qualified workforce housing project or the developer of a proposed project that will become a qualified workforce housing project may apply to the Secretary for allocation to the project of a portion of the State tax credit. (b) An application under this section shall be made in the form and manner and […]
Section 4-2503 – Qualified Workforce Housing Tax Credit Reserve Fund
(a) (1) The maximum aggregate available State tax credit that may be allocated for each fiscal year equals the lesser of: (i) the amount appropriated for the Qualified Workforce Housing Tax Credit Reserve Fund for that fiscal year in the State budget as approved by the General Assembly; or (ii) $4,000,000. (2) The Secretary may allocate the aggregate available State […]
Section 4-2504 – Notice and Certification That Project Placed in Service
(a) On or before the last day of the taxable year in which a qualified workforce housing project that has been allocated a part of the State tax credit under this subtitle is placed in service, the owner shall: (1) notify the Secretary that the project has been placed in service; and (2) certify that the project is […]
Section 4-2505 – Reports
On or before December 31 each year, the Secretary shall report, in accordance with § 2–1257 of the State Government Article, to the General Assembly: (1) the number of qualified workforce housing projects that received a tax credit allocation during the year; (2) the number of housing units supported by each qualified workforce housing project that received […]
Section 4-2601 – “Program” Defined
In this subtitle, “Program” means the Local Housing Grant Program for Homeless Veterans and Survivors of Domestic Violence.
Section 4-2602 – Established; Purpose
(a) There is a Local Housing Grant Program for Homeless Veterans and Survivors of Domestic Violence. (b) The purpose of the Program is to provide grants for housing voucher funds to counties for use to house homeless veterans and survivors of domestic violence.
Section 4-2603 – Duties of Department
The Department shall: (1) distribute grants to counties that may apply under the Program for rapid or permanent housing voucher funds for homeless veterans and survivors of domestic violence; (2) establish procedures for receiving and evaluating grant applications from counties under the Program; (3) monitor the operation of the grants; and (4) adopt regulations to carry out this subtitle.
Section 4-2604 – Funding
(a) For fiscal year 2020 and each fiscal year thereafter, the Governor may include funding in the annual budget for the Program. (b) Money expended from the Program is supplemental to and is not intended to take the place of funding that otherwise would be appropriated by the Department to address homelessness.
Section 4-2302 – Program Established
There is a Housing Navigator and Aftercare Program in the Department.