Skip to main content
Find a Lawyer

Maryland Code, Housing and Community Development § 4-807

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) In setting upper limits on adjusted annual income, the Department shall consider factors including:

(1) the total income of each individual expected to live in the home;

(2) the size of the household;

(3) the cost of available housing facilities;

(4) the ability of the household to compete successfully in the conventional private housing market; and

(5) pertinent standards and definitions established for federal housing programs.

(b) Upper limits on adjusted annual income may vary for different:

(1) types of housing;

(2) types of financing offered by the Program; and

(3) regions.

(c) Within the upper limits on adjusted annual income, lower income limit ranges and lower interest rates may be established for loans to households with adjusted annual incomes in the lower ranges.

(d) Except for loans made under § 4-804(4) and (6) of this subtitle, the upper limits on adjusted annual income established under subsection (a) of this section may not exceed the median annual family income.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 4-807 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-4-807/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard