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Current as of January 01, 2025 | Updated by Findlaw Staff
A property qualifies as an assisted project if:
(1) it is a building or buildings under common ownership containing 10 or more dwelling units intended to be leased to assisted households for occupancy as their primary residences; and
(2)(i) a loan financing the property is insured or assisted under § 221(d)(3), § 202, or § 236(a) or (b) of the National Housing Act, 12 U.S.C. § 1701q, § 1715l(d)(3), or § 1715z-1, or § 515 of the Housing Act of 1949, 42 U.S.C. § 1485; or
(ii) the project, the owner of the project, or a lender to the project receives project-based § 8 rental assistance.
Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 7-105 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-7-105/
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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