Section 4-506 - Workforce Housing Fund. - Maryland Statutes

§ 4-506. Workforce Housing Fund.
 

(a)  "Fund" defined.- In this section, "Fund" means the Workforce Housing Fund. 

(b)  Fund established.- There is a Workforce Housing Fund. 

(c)  Purpose.- As provided in the State budget, the Department shall use the Fund to operate and provide funds under the Workforce Housing Grant Program. 

(d)  Components.- The Fund consists of: 

(1) money appropriated by the State; 

(2) repayments of principal and payments of interest on loans made under the Workforce Housing Grant Program; 

(3) amounts paid in connection with transfers of homeownership workforce housing units; 

(4) money transferred to the Fund in accordance with this subtitle; and 

(5) investment earnings of the Fund. 
 

[2007, ch. 603.]