Section 4-403 - Purposes of Program. - Maryland Statutes

§ 4-403. Purposes of Program.
 

The purposes of the Program are to: 

(1) stimulate the production of rental housing, including conversion of existing rental housing, for occupancy by elderly households; 

(2) increase the supply of decent, safe, and sanitary rental housing at costs that are affordable to low-income elderly households; 

(3) use available resources to serve the elderly households that are most in need; and 

(4) relieve unemployment by stimulating the construction or substantial rehabilitation of elderly rental housing projects or the conversion of existing rental housing projects for occupancy by elderly households. 
 

[An. Code 1957, art. 83B, § 2-802; 2005, ch. 26, § 2.]