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2081
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HARRY HUGHES, Governor
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housing unless new facilities are constructed and existing
housing, where appropriate, is rehabilitated. Unless the supply
of housing and the ability of low and moderate income persons and
families to obtain mortgage financing is increased significantly
and expeditiously, a large number of residents of Allegany, Anne
Arundel, CALVERT, HARFORD, HOWARD, Kent, Washington, and
Worcester counties may be compelled to live in unsanitary,
overcrowded, or unsafe conditions to the detriment of the health,
welfare, and well-being of these persons and of the whole
community of which they are a part. By increasing the housing
supply of the counties and the ability of low and moderate income
persons and families to obtain mortgage financing, the clearance,
replanning, development and redevelopment of blighted areas will
be aided, the critical shortage of adequate housing will be
ameliorated, and the ability to preserve and utilize existing
housing and neighborhoods will be greatly enhanced.
(3) A major cause of this housing crisis is the lack
of funds at borrowing costs which are at a level whereby low and
moderate income persons and families can afford to own and
maintain decent, safe, and sanitary housing. An additional major
cause of a housing crisis is the lack of funds available to
finance housing by the private mortgage lending institutions of
the State. This lack of funds has frustrated the maintenance,
sale, and purchase of existing residences in Allegany, Anne
Arundel, CALVERT, HARFORD, HOWARD, Kent, Washington, and
Worcester counties.
(4) The authority and powers conferred under this
section and the expenditure of public moneys necessary and
appropriate to carry out a residential mortgage program as
contemplated in this section, constitute the serving of a valid
public purpose. The enactment of this section is declared to be
in the public interest.
(c) In this section:
(1) "Low and moderate income persons and families"
means persons and families determined by a county to lack the
financial ability to pay prices or rentals sufficient to induce
private enterprise in the county to build a sufficient supply of
adequate, safe, and sanitary dwellings without the special
assistance afforded by this section.
(2) "County" means a county that has adopted the
optional powers of home rule provided under Article XI-F of the
Constitution and Anne Arundel, CALVERT, HARFORD, HOWARD, and
Washington counties.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 31, 1983.
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