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1565
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HARRY HUGHES, Governor
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(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 SUPPLANT DISPLACE OR LIMIT FREE ECONOMIC
COMPETITION.
(2) THE POWERS GRANTED TO THE HOUSING OPPORTUNITIES
COMMISSION PURSUANT TO 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; NOR
(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.
[(e)] (F) For purposes of this section, the phrase "housing
or housing project for persons of eligible income" 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, rehabilitated or improved for
purposes of providing dwelling accommodations a substantial
portion of which accommodations shall be for persons of eligible
income, and such streets, roads, sewer and waterlines and other
supporting public and private facilities intended for commercial,
educational, cultural, recreational, community or other civic
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