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Maryland Code, Housing and Community Development § 4-922

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

(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.

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Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 4-922 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-4-922/

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