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Maryland Code, Housing and Community Development § 4-915

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

(a)(1) The Secretary shall set upper limits on the income that a family or individual may have to qualify as a family of limited income.

(2) In setting the limits, the Secretary shall consider factors that include:

(i) the portion of the total family income available for housing;

(ii) the size of the family;

(iii) the cost and condition of available housing;

(iv) the ability of the family to compete successfully in the private housing market; and

(v) relevant standards and definitions established for federal and State housing programs.

(b) The Secretary may waive income limits for a borrower or occupant seeking a Program loan to rehabilitate a building that the State historical preservation officer finds historically or architecturally significant.

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Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 4-915 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-4-915/

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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