336/Maryland Manual

30 percent of the family's total income, and unit
rent may not exceed the fair market rent. Individual
applicants must find their own housing. In this way,
families may select neighborhoods that best suit
their needs. Under the Voucher Program, there is
no fair market rent limitation, and tenants may pay
more than 30 percent of their income for rent if it
exceeds the fair market rent.
Other than the elderly, disabled, or hand-
icapped, the only single persons automatically
eligible for the Section 8 Certificate/Voucher Pro-
gram are those displaced from their previous hous-
ing by governmental actions, or those who are a
remaining member of a tenant family
The Moderate Rehabilitation Program helps im-
prove existing multifamily rental units that need
repair or renovation. Under the Program, the
landlord rehabilitates the unit, often with Com-
munity Development Administration financing.
The Administration, on behalf of the tenants, then
commits rent subsidies to the unit for a period of
fifteen years. These rent subsidies are funded by the
federal government. The Program is part of the
Section 8 Existing Program.
The Rental Rehabilitation Program also is
directed at rental housing in need of repair. The
Program encourages owners of such housing to
renovate the structures by providing the owner
with half the cost of rehabilitating each unit, or up
to $8,500 per unit, whichever is less. Funds are
provided by the U.S. Department of Housing and
Urban Development.
The Rental Allowance Program (RAP) was
created by the General Assembly in 1986 and was
first funded in 1987. For low-income homeless
households or those with critical or emergency
housing needs, the Program provides short-term
rent subsidies. The Program is administered
through grants to local governments for monthly
payments to eligible households. Funding is
provided through State general funds.

HOUSING MANAGEMENT
Patrick N. Sheridan, Director
514-7566

Under the Community Development Ad-
ministration, Housing Management oversees the
management by private firms of multifamily hous-
ing developments financed by CDA or ad-
ministered under Section 8 allocations. CDA
oversees approximately 240 developments contain-
ing over 25,000 units of rental housing. This in-
cludes Section 8 contracts for 69 developments
containing over 6,200 units of rental housing.
Tenants in these subsidized units pay 30 percent of
their monthly income in rent. The difference be-
tween the tenant's share and the fair-market rent is
subsidized by the U.S. Department of Housing and

Urban Development. Housing Management also
oversees the servicing of over 22,500 loans made
under Home Ownership Programs and 2,500 loans
made under Special Loan Programs.

DIVISION OF HOUSING CREDIT
ASSURANCE

The Division of Housing Credit Assurance was
formerly the Division of Housing Insurance. The
Division received its present name in 1990 (Chapter
321, Acts of 1990). The Division is responsible for
the Maryland Housing Fund.

MARYLAND HOUSING FUND
Leslie M. Pittler, Director
Francis A. Korwek, Deputy Director

100 Community Place
Crownsville, MD 21032 514-7350

The Maryland Housing Fund was established in
1971 (Chapter 669, Acts of 1971). Its primary
objective is to assist State citizens of all income levels
through a program of mortgage insurance and
other credit enhancements for the construction of
housing, rehabilitation, energy conservation, solar
energy, public purpose, and infrastructure projects.
The Fund uses a variety of innovative mortgage
insurance programs to stimulate the flow of private
investment capital into the State for this purpose.
The Fund operates through a large number of
public and private lenders across the State as well
as local housing agencies (Code 1957, Art. 83B,
sees. 3-201 through 3-205).

SJNGLE-fAMWr PROGRAMS
Scan Sanders, Administrator
514-7318

Regular Mortgage Insurance is an insurance pro-
gram offering coverage on mortgages of up to 100
percent loan-to-value ratios on terms provided by
major financial institutions. Mortgage insurance
premiums are comparable to those charged by
private mortgage insurers. This program is ap-
proved by the Federal National Mortgage Associa-
tion.
The Public Mortgage Single-Family Program
provides mortgage insurance on single-family
mortgages financed by revenue bond-funded direct
mortgages or mortgage purchase programs of a
public agency mortgagee. The insurance is
governed by the Regular Single-Family Program
regulations, with modifications. The maximum
mortgage amount is 95 percent of the total acquisi-
tion cost, not to exceed the sales price.
Pool Insurance offers insurance covering 100 per-
cent of the loss on mortgages where there is primary