Section 4-1702 - Findings. - Maryland Statutes

§ 4-1702. Findings.
 

The General Assembly finds that: 

(1) homeownership is a stabilizing factor for communities and families and is the best way for families of limited income to build equity and move out of poverty; 

(2) homeownership has become less affordable over time because incomes have not kept pace with the rising costs of homeownership; 

(3) self-help housing helps families of limited income to become homeowners, increasing their financial stability; 

(4) families working together in groups to build their homes help to create stronger communities; and 

(5) there have been three successful federally financed self-help programs in the State, and modeling a State self-help ownership program on a well-tested federal program will increase homeownership opportunities for families of limited income across the State. 
 

[An. Code 1957, art. 83B, § 2-1501; 2005, ch. 26, § 2.]