WILLIAM DONALD SCHAEFER, Governor Ch. 330

REVENUES OR A MORTGAGE OF ANY HOUSING PROJECT, PROJECTS, OR
OTHER PROPERTY OF THE AUTHORITY; AND

(4) TO MAKE OR PURCHASE MORTGAGE LOANS TO ASSIST
FIRST-TIME HOME BUYERS TO PURCHASE EXISTING HOMES, IF:

(I) THE FIRST-TIME HOME BUYERS:

1. ARE RESIDENTS OF THE COUNTY;

2. QUALIFY BASED ON INCOME LIMITS

ESTABLISHED BY THE HOUSING AUTHORITY WITH THE APPROVAL OF
THE COUNTY GOVERNING BODY; AND

3. ARE BUYING HOUSING DETERMINED TO BE
DECENT, SAFE, AND ADEQUATE ACCORDING TO STANDARDS ADOPTED
BY THE HOUSING AUTHORITY; AND

(II) THE HOUSING AUTHORITY DETERMINES THAT
INCOME FROM THE ASSISTANCE PROGRAM WILL BE SUFFICIENT TO
COVER THE COSTS OF THE PROGRAM.

(G) (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.

(2) THE POWERS GRANTED TO THE AUTHORITY PURSUANT
TO PARAGRAPH (1) OF THIS SUBSECTION MAY NOT BE CONSTRUED:

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

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

(III) TO AUTHORIZE THE AUTHORITY OR ITS OFFICER 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 SUSPERSEDE THE REGULATORY
AUTHORITY OF ANY STATE DEPARTMENT OR AGENCY UNDER ANY
PUBLIC GENERAL LAW.

(H) (1) FOR PURPOSES OF THIS SECTION, THE PHRASE "HOUSING,
HOUSING REHABILITATION, OR HOUSING PROJECT" MEANS ANY
UNDERTAKING OR PROJECT, OR PORTION THEREOF, INCLUDING LANDS,
BUILDINGS AND IMPROVEMENTS, REAL, MIXED AND PERSONAL
PROPERTIES, OR INTEREST THEREIN THAT IS PLANNED, ACQUIRED,
OWNED, DEVELOPED, CONSTRUCTED, RECONSTRUCTED,

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