Ch. 330 LAWS OF MARYLAND

CONSTRUCTION OF HOUSING FOR PERSONS OF ELIGIBLE INCOME, AND
THE EXPENDITURE OF PUBLIC FUNDS TO ASSIST IN SECURING THE
PRODUCTION OF SUCH HOUSING ARE, THEREFORE, NOT COMPETITIVE
WITH PRIVATE ENTERPRISE; AND THAT THE NECESSITY FOR SUCH
CONSTRUCTION AND THE EXPENDITURE OF PUBLIC FUNDS IN THE
PUBLIC INTEREST, FOR THE PROVISIONS HEREINAFTER ENACTED, ARE
HEREBY DECLARED AS A MATTER OF LEGISLATIVE DETERMINATION TO
BE VALID PUBLIC PURPOSES.

(B) THE HOUSING AUTHORITY OF BALTIMORE CITY SHALL
CONSTITUTE A PUBLIC BODY CORPORATE AND POLITIC, EXERCISING
PUBLIC AND ESSENTIAL GOVERNMENTAL FUNCTIONS, AND HAVING ALL
THE POWERS NECESSARY OR CONVENIENT TO CARRY OUT AND
EFFECTUATE THE PURPOSES AND PROVISIONS OF THIS ARTICLE. IN
ADDITION TO THE POWERS ENUMERATED IN THIS ARTICLE, THE
HOUSING AUTHORITY IS AUTHORIZED TO EXERCISE ALL OR ANY PART
OR COMBINATION OF SUCH POWERS TO PROVIDE FOR HOUSING OR
HOUSING PROJECTS FOR PERSONS OF ELIGIBLE INCOME.

(C) IN ADDITION TO THE POWERS ENUMERATED IN THIS ARTICLE
AND ANY POWERS GIVEN BY LOCAL LAW, THE HOUSING AUTHORITY OF
BALTIMORE CITY, IN PROVIDING HOUSING FOR PERSONS OF ELIGIBLE
INCOME IN ACCORDANCE WITH SUBSECTION (B) OF THIS SECTION,
SHALL HAVE THE FOLLOWING POWERS:

(1) WITHIN ITS AREA OF OPERATION: TO MAKE MORTGAGE
LOANS AND MAKE RENT SUBSIDY PAYMENTS TO PERSONS OF ELIGIBLE
INCOME.

(2) WITHIN ITS AREA OF OPERATION: 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) WITHIN ITS AREA OF OPERATION: TO PURCHASE AND TO
INSURE MORTGAGES SECURED BY HOUSING FOR PERSONS OF ELIGIBLE
INCOME.

(4) WITHIN ITS AREA OF OPERATION: TO EXERCISE EACH OF
THE POWERS ENUMERATED FROM TIME TO TIME IN § 1-302(A) OF THIS
ARTICLE. FOR THE PURPOSES OF § 1-302(A)(4) OF THIS ARTICLE, THE
MAXIMUM PERCENTAGE HAVING INCOMES ABOVE THE LEVELS
ESTABLISHED FOR PERSONS OF ELIGIBLE INCOME SHALL BE 80
PERCENT.

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

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