Section 7-210 - Right of first purchase - Political subdivisions and housing authorities. - Maryland Statutes

§ 7-210. Right of first purchase - Political subdivisions and housing authorities.
 

(a)  In general.- A political subdivision or a housing authority may exercise a right of first purchase under this subtitle and may develop, acquire, improve, own, operate, and manage a rental housing project acquired under the right of first purchase and do all things necessary or convenient to exercise these rights. 

(b)  Effect on Division II restrictions on tenant income.- In any rental housing project purchased under a right of first purchase under this subtitle and owned or managed by a housing authority authorized under Division II of this article, this subtitle supersedes: 

(1) §§ 12-401, 12-402, and 12-405 of this article; and 

(2) all otherwise applicable restrictions on tenant income under  Division II of this article. 
 

[An. Code 1957, art. 83B, § 9-104(k); 2005, ch. 26, § 2; 2006 ch. 63, § 6; ch. 64.]