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ROBERT L. EHRLICH, JR., Governor Ch. 339
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16-107.
(a) Under the powers given elsewhere in this Division II, the Montgomery
Commission may provide housing or housing projects for persons of eligible income,
but may do so only in accordance with local law or under a contract with Montgomery
County.
(b) In accordance with subsection (a) of this section and in addition to the
powers listed elsewhere in this Division II or given by local law, the Montgomery
Commission may:
(1) make mortgage loans and rent subsidy payments to persons of
eligible income;
(2) make construction loans and long-term mortgage loans to any person
to produce housing for persons of eligible income; and
(3) purchase mortgages secured by housing for persons of eligible
income.
(C) UNDER THE POWERS LISTED ELSEWHERE IN THIS DIVISION II, THE
MONTGOMERY COMMISSION MAY:
(1) ENTER INTO DEVELOPMENT AGREEMENTS AS MAY BE NECESSARY
OR CONVENIENT IN WHICH:
(I) AT LEAST 50% OF THE UNITS ARE INITIALLY OCCUPIED BY
INDIVIDUALS OF FAMILIES WHOSE INCOME INDIVIDUALLY OR AS PART OF A FAMILY
UNIT IS EQUAL TO OR LESS THAN:
1. 60% OF THE MEDIAN INCOME FOR THE STATISTICAL AREA
IN WHICH THE UNITS ARE LOCATED AS DETERMINED BY THE FEDERAL OFFICE OF
MANAGEMENT AND BUDGET; OR
2. A LESSER INCOME THAT MAY BE DETERMINED BY THE
CHIEF ELECTED OFFICIAL OR CHIEF ELECTED OFFICIAL'S DESIGNEE IN THE
JURISDICTION IN WHICH THE PROPERTY IS LOCATED; OR
(II) AT LEAST 20% OF THE UNITS ARE INITIALLY OCCUPIED BY
INDIVIDUALS WHO ARE ELIGIBLE FOR FEDERAL SUBSIDIES; AND
(2) CONTRACT TO FURNISH SERVICES, CONSULTATION, ADVICE, AND
ASSISTANCE TO OTHER HOUSING AUTHORITIES OR OTHER PERSONS IN OR OUTSIDE
OF THE STATE TO ASSIST IN DEVELOPING, MANAGING, RENOVATING, OR
CONSTRUCTING HOUSING DESCRIBED UNDER ITEM (1) OF THIS SUBSECTION.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2006.
Approved May 2, 2006.
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