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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) A local government qualifies for participation in the Program if:
(1) the local government has:
(i) a 5-year consolidated plan approved by the United States Department of Housing and Urban Development; or
(ii) a comprehensive plan;
(2) the plans listed in item (1) of this subsection:
(i) have a workforce housing element;
(ii) assess workforce housing needs; and
(iii) contain goals, objectives, and policies to preserve or develop workforce housing; and
(3) the local government provides a statement to the Department indicating:
(i) a desire to participate in the Program; and
(ii) a reasonable expectation of the local government's ability to provide the matching funds required under § 4-1804 of this subtitle.
(b) The workforce housing element in the 5-year consolidated plan or the comprehensive plan of a qualifying local government may include:
(1) preservation and renovation of existing housing stock;
(2) redevelopment of existing residential areas;
(3) streamlined regulatory processes and reduced regulatory fees for construction or renovation;
(4) financial incentives for construction and renovation including local property tax credits;
(5) special zoning regulations for construction and renovation including inclusionary zoning;
(6) efforts to preserve workforce housing stock for subsequent first-time homebuyers and renters;
(7) coordination with neighboring jurisdictions;
(8) coordination with private sector employers; and
(9) leveraging of federal financial assistance.
Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 4-1803 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-4-1803/
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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