Section 16-109 - Substantial part of housing for persons of eligible income. - Maryland Statutes

§ 16-109. Substantial part of housing for persons of eligible income.
 

A substantial part of the housing in a housing project is deemed to be for persons of eligible income if: 

(1) after financing is provided by the Montgomery Commission, 50% or more of the housing units are occupied first by persons of eligible income; 

(2) 20% or more of the housing units are for low-income persons who are assisted or who are eligible to be assisted with federal subsidies; or 

(3) the owners of the housing certify to the Montgomery Commission that they will make their best efforts to meet the standard under item (1) or (2) of this section. 
 

[An. Code 1957, art. 44A, § 2-102(f); 2006, ch. 63, § 2; 2007, ch. 5.]