Ch. 330 LAWS OF MARYLAND

COUNTY EXECUTIVE UNDER THIS SECTION IS CONCLUSIVE OF THE
MATTERS DETERMINED. THE COUNTY EXECUTIVE MAY AMEND THE
MEANING OF "PERSONS OF ELIGIBLE INCOME" BY ISSUING A PROPOSED
EXECUTIVE REGULATION. THE REGULATION WILL BECOME EFFECTIVE
ONLY AFTER A PUBLIC HEARING HELD IN ACCORDANCE WITH
PROCEDURES ESTABLISHED BY THE COUNTY COUNCIL.

(D) IN ADDITION TO THE POWERS ENUMERATED IN THIS ARTICLE
AND ANY POWERS GIVEN BY MONTGOMERY COUNTY BY LOCAL LAW,
THE HOUSING OPPORTUNITIES COMMISSION OF MONTGOMERY
COUNTY, IN PROVIDING HOUSING FOR PERSONS OF ELIGIBLE INCOME IN
ACCORDANCE WITH SUBSECTION (C) ABOVE, SHALL HAVE THE
FOLLOWING POWERS:

(1) TO MAKE MORTGAGE LOANS AND MAKE RENT SUBSIDY
PAYMENTS TO PERSONS OF ELIGIBLE INCOME.

(2) TO MAKE CONSTRUCTION LOANS AND LONG-TERM
MORTGAGE LOANS TO ANY PERSON, FIRM, PARTNERSHIP, ASSOCIATION,
JOINT VENTURE, OR CORPORATION, PUBLIC OR PRIVATE, TO PRODUCE
HOUSING FOR PERSONS OF ELIGIBLE INCOME.

(3) TO PURCHASE MORTGAGES SECURED BY HOUSING FOR
PERSONS OF ELIGIBLE INCOME.

(E) (1) IN ADDITION TO THE POWERS ENUMERATED IN THIS
ARTICLE, THE HOUSING OPPORTUNITIES COMMISSION MAY EXERCISE
ITS POWERS AS GRANTED BY THIS ARTICLE IRRESPECTIVE OF THE FACT
THAT SUCH ACTIVITIES MAY DISPLACE OR LIMIT ECONOMIC
COMPETITION.

(2) THE POWERS GRANTED TO THE HOUSING OPPORTUNITIES
COMMISSION PURSUANT TO PARAGRAPH (1) OF THIS SUBSECTION SHALL
NOT BE CONSTRUED:

(I) TO GRANT TO THE COMMISSION POWERS IN ANY
SUBSTANTIVE AREA NOT OTHERWISE GRANTED TO THE COMMISSION BY
OTHER PUBLIC GENERAL OR PUBLIC LOCAL LAW;

(II) TO RESTRICT THE COMMISSION FROM EXERCISING
ANY POWER GRANTED TO THE COMMISSION BY OTHER PUBLIC
GENERAL OR PUBLIC LOCAL LAW OR OTHERWISE;

(III) TO AUTHORIZE THE COMMISSION OR ITS OFFICERS
TO ENGAGE IN ANY ACTIVITY WHICH IS BEYOND THEIR POWER UNDER
OTHER PUBLIC GENERAL LAW, PUBLIC LOCAL LAW, OR OTHERWISE; OR

(IV) TO PREEMPT OR SUPERSEDE THE REGULATORY
AUTHORITY OF ANY STATE DEPARTMENT OR AGENCY UNDER ANY
PUBLIC GENERAL LAW.

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