Section 4-1204 - Purposes of Program. - Maryland Statutes

§ 4-1204. Purposes of 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 income by political subdivisions, housing authorities, or partnerships that include political subdivisions or housing authorities; 

(4) provide financial assistance to private sector entities to acquire, construct, reconstruct, renovate, or rehabilitate housing units: 

(i) for sale to political subdivisions, housing authorities, or partnerships that include political subdivisions or housing authorities, as affordable rental housing for households of lower income; or 

(ii) for occupancy by households of lower income that include one or more individuals with disabilities or special needs; 

(5) promote affordable housing programs and increased contributions to the production of affordable rental housing by political subdivisions, housing authorities, and the private sector, including for profit and nonprofit entities; 

(6) encourage households of lower income that live in partnership rental housing to contribute actively to the operation or maintenance of the housing or the community; 

(7) finance rental housing that is: 

(i) to be occupied by households of lower income; 

(ii) to be owned by political subdivisions or housing authorities or partnerships that include political subdivisions or housing authorities; and 

(iii) expected to be financially self-sufficient, without further governmental financing for maintenance, renovation, or operating subsidies; and 

(8) encourage the private sector to provide rental housing for households of lower income that include one or more individuals with disabilities or special needs. 
 

[An. Code 1957, art. 83B, §§ 2-1103(b), 2-1104; 2005, ch. 26, § 2; 2006, ch. 117.]