Section 4-1503 - Purpose of Program. - Maryland Statutes

§ 4-1503. Purpose of Program.
 

(a)  "Lot consolidation" defined.- In this section, "lot consolidation" means acquisition of real property adjacent to, and to be included in, a project. 

(b)  In general.- The purposes of the Program are to: 

(1) increase the supply of decent, safe, and sanitary rental housing for occupancy by families of lower income; 

(2) provide financial assistance for acquisition, construction, or rehabilitation of rental housing, including demolition and lot consolidation so that families of lower income can afford the rental housing; 

(3) encourage political subdivisions to provide assistance in producing rental housing that families of lower income can afford; and 

(4) revitalize designated neighborhoods through office or other commercial space conversion. 
 

[An. Code 1957, art. 83B, §§ 2-501(g), 2-503; 2005, ch. 26, § 2.]