5430

COUNTY LOCAL LAWS

THE PERFORMANCE OF ITS DUTIES AND THE CARRYING OUT OF ITS
AUTHORITY AS SET OUT IN THIS ARTICLE; AND TO PROCURE
INSURANCE OR GUARANTEES FROM THE FEDERAL GOVERNMENT OR
THE STATE OF MARYLAND FOR THE PAYMENT OF ANY DEBTS OR
ENCUMBRANCES, OR PARTS THEREOF, UNDER ANY FEDERAL OR
STATE PROGRAMS FOR WHICH MONTGOMERY COUNTY WOULD BE
ELIGIBLE IN CARRYING OUT THE PURPOSES OF THIS ARTICLE.

(H) ELIGIBILITY STANDARDS: PROMULGATE AND
REVISE STANDARDS FOR ELIGIBILITY FOR RENTING OR
PURCHASING OPPORTUNITY HOUSING, AND ESTABLISH AND REVISE
THE RENTS, SALES PRICES OR CHARGES THEREFOR; SUCH BENTS,
SALES PRICES OR CHARGES TO BE BASED UPON A SET OF MAXIMUM
INCOME OR OTHER FINANCIAL LIMITS TO BE ESTABLISHED AND
REVISED BY THE COUNTY EXECUTIVE FOR ELIGIBILITY AND
ADMISSION TO SUCH OPPORTUNITY HOUSING, IN ESTABLISHING
AND REVISING SUCH INCOME LIMITS, THE COUNTY EXECUTIVE
SHALL CONSIDER ALL AVAILABLE STATISTICAL DATA INDICATING
MINIMUM RENTALS AND SALES PRICES OF DWELLING UNITS OR
HOUSING AVAILABLE OR BEING PRODUCED IN THE PRIVATE
MARKET, INCLUDING SALES PRICE DATA FROM THE COUNTY'S
DEPARTMENT OF FINANCE; THE VACANCY RATIO IN RENTAL UNITS;
THE CURRENTLY PREVAILING PRICES AT WHICH PRIVATE
ENTERPRISE CAN AND WILL PRODUCE SALES AND RENTAL UNITS;
AND ANY OTHER STATISTICAL DATA WHICH AT THE DISCRETION OF
THE COUNTY EXECUTIVE IS DEEMED APPROPRIATE AND RELEVANT
TO THE GENERAL MARKET AND ECONOMIC CONDITIONS THAT
CURRENTLY EXIST.

(I) INVESTIGATE AND PLAN: INVESTIGATE INTO
LIVING AND DWELLING CONDITIONS AND INTO POSSIBLE MEANS
AND METHODS OF IMPROVING SUCH CONDITIONS; TO DETERMINE
WHERE SLUM AREAS EXIST OR WHERE THERE IS A SHORTAGE Of
DECENT, SAFE, AND SANITARY DWELLING OR HOUSING
ACCOMMODATIONS; TO MAKE Oft HAVE MADE ALL STUDIES, SURVEYS
AND PLANS NECESSARY TO CARRY CUT THE PURPOSES OF THIS
ARTICLE, AND TO ADOPT OR APPROVE, MODIFY AMD AMEND SUCH
PLANS; AND TO COOPERATE WITH THE FEDERAL GOVERNMENT AND
THE STATE OF MARYLAND, OR ANY POLITICAL SUBDIVISION
THEREOF, IN PLANNING ACTIONS TO BE TAKEN TO REMEDY
PROBLEMS OF HOUSING IN CONNECTION WITH THE PURPOSES OF
THIS ARTICLE.

(J) REPURCHASE OPTION: AS CONSIDERATION FOR
THE ASSISTANCE PROVIDED THE PURCHASE OF AN OPPORTUNITY
HOUSING UNIT BY THE COUNTY PURSUANT TO THIS ARTICLE, THE
COUNTY EXECUTIVE, HIS DESIGNEE, OR ANY AGENCY OR
CORPORATION EMPOWERED TO CARRY OUT THE POWERS GRANTED BY
THIS ARTICLE, SHALL REQUIRE THE PURCHASER, PRIOR TO THE
SALE OF SUCH HOUSING UNIT, TO GRANT BY WRITTEN AGREEMENT
TO THE COUNTY OR SAID AGENCY OR CORPORATION AN
IRREVOCABLE OPTION TO REPURCHASE SAID HOUSING UNIT FOR A
PERIOD OF UP TO FIVE (5) YEARS IF THE PURCHASER DESIRES
TO SELL SAID UNIT FOR ANY REASON. THE PRICE TO WHICH THE