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Current as of January 01, 2025 | Updated by Findlaw Staff
A substantial part of the housing in a housing project is deemed to be for persons of eligible income if:
(1) after financing is provided by the Montgomery Commission, 50% or more of the housing units are occupied first by persons of eligible income;
(2) 20% or more of the housing units are for low-income persons who are assisted or who are eligible to be assisted with federal subsidies; or
(3) the owners of the housing certify to the Montgomery Commission that they will make their best efforts to meet the standard under item (1) or (2) of this section.
Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 16-109 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-16-109/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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