(a) In this subtitle the following words have the meanings indicated. (b) “Fund” means the Partnership Rental Housing Fund. (c) “Household of lower income” means a household that qualifies under § 4-1206 of this subtitle. (d) “Housing authority” means a housing authority authorized under Division II of this article. (e) “Partnership project” means an undertaking that the Program finances to […]
The General Assembly finds that: (1) there is a shortage of decent, safe, and sanitary rental housing for households of lower income; (2) the private sector often cannot develop, improve, operate, and maintain housing for households of lower income; and (3) to address this shortage, a partnership is needed among the State, political subdivisions, housing authorities, the private […]
There is a Partnership Rental Housing Program.
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 […]
(a) The Department shall: (1) administer the Program; (2) adopt policies and procedures that encourage partnership rental housing throughout the State; and (3) adopt regulations to carry out the Program, including regulations that specify criteria for local contributions to the cost of partnership projects undertaken by a political subdivision or housing authority. (b) The Department may establish: (1) maximum limits for […]
A household qualifies as a household of lower income: (1) for initial occupancy, if the gross annual income of the household does not exceed: (i) 50% of the statewide median income for a household of like size; or (ii) a lower income level that the Secretary establishes for a particular partnership project or for a unit of partnership […]
(a) Except as provided in subsection (c) of this section, the Department may approve an application for a proposed partnership project only if: (1) the application is authorized by the chief elected official of the political subdivision or, if there is no chief elected official, by the governing body of the political subdivision in which the project […]
(a) A political subdivision, housing authority, or other eligible borrower may participate in the Program and do all things necessary or convenient to its participation, including: (1) developing, acquiring, improving, owning, operating, and managing rental housing; (2) borrowing money; and (3) mortgaging, pledging, and granting a security interest in real or personal property related to a particular partnership project. […]
(a) (1) A person may not knowingly make or cause to be made a false statement or report in a document required to be given to the Department in connection with the Program. (2) A person may not knowingly make or cause to be made a false statement or report to influence the action of the Department in […]
