HARRY HUGHES, Governor                                       709

(2) CARRY OUT THE PROGRAM IN A MANNER THAT:

(I) SERVES ALL OF THE AREAS OF THIS STATE;

AND

(II) AVOIDS CREATING OR AGGRAVATING

LOW-INCOME ECONOMIC CONCENTRATIONS THAT ADVERSELY AFFECT
COMMUNITIES.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from the last sentence
of Art. 41, § 266FF-1 and from Art. 41, §
266FF-4 (b) and (c).

(C)       GENERAL DUTIES.

THE DEPARTMENT SHALL:

(1) ADOPT POLICIES TO INSURE THAT LOANS ARE MADE
ONLY TO INDIVIDUALS WHO CANNOT OTHERWISE FINANCE THE
PURCHASE OF A HOME;

(2) RESEARCH AND OBSERVE THE MORTGAGE MARKET AND
HOUSING CONDITIONS IN THIS STATE; AND

(3) USE FEDERAL PROGRAMS THAT COMPLEMENT OR
FACILITATE CARRYING OUT THE PROGRAM.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from the first
sentence of Art. 41, § 266FF-2(b)(3) and from
Art. 41, § 266FF-4(a) and (d).

(D)   INCOME LIMITS; CREDITWORTHINESS.
THE DEPARTMENT SHALL SET:

(1)   REASONABLE MINIMUM REQUIREMENTS OF
CREDITWORTHINESS; AND

(2)   UPPER INCOME LIMITS, WHICH MAY INCLUDE:

(I)   A DEFINITION OF "INCOME";

(II)   CONSIDERATION OF SECONDARY SOURCES OF
INCOME;

(III)   CONSIDERATION OF DEPENDENT
ALLOWANCES; AND

(IV)   DIFFERENTIALS THAT ARE BASED ON
INCOME STATISTICS FOR GEOGRAPHICAL AREAS OF THIS STATE.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from the second
sentence of Art. 41, § 266FF-2(b)(3) and from
Art. 41, § 266FF-2(b)(3)(i) and (ii) and the last