Md. Code, Housing and Community Development § 4-922
This is the official text of Md. Code, Housing and Community Development § 4-922, part of Maryland’s Code, Housing and Community Development — governs housing programs and community development.
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§4–922.
Official statutory text
(a) In addition to making loans for rehabilitation projects to sponsors, nonprofit sponsors, or families of limited income from the Rental Housing Programs Fund and the Special Loan Programs Fund, the Department may use money from any other authorized source, including federal programs of assistance for rehabilitation, to make:
(1) grants for rehabilitation projects to families of limited income or nonprofit sponsors; and
(2) loans for rehabilitation projects to sponsors, nonprofit sponsors, or families of limited income.
(b) (1) The Department:
(i) shall use federal programs of assistance for rehabilitation to the maximum extent consistent with the purposes of this subtitle; and
(ii) may do all things necessary to qualify for participation in those programs.
(2) The terms and conditions of loans and grants made under this section shall be in accordance with the legislation or other authority by which the money is made available to the Department.
(1) grants for rehabilitation projects to families of limited income or nonprofit sponsors; and
(2) loans for rehabilitation projects to sponsors, nonprofit sponsors, or families of limited income.
(b) (1) The Department:
(i) shall use federal programs of assistance for rehabilitation to the maximum extent consistent with the purposes of this subtitle; and
(ii) may do all things necessary to qualify for participation in those programs.
(2) The terms and conditions of loans and grants made under this section shall be in accordance with the legislation or other authority by which the money is made available to the Department.
Status: in_force · Read it on the official government site
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