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Session Laws, 2006
Volume 750, Page 2469   View pdf image
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ROBERT L. EHRLICH, JR., Governor
Ch. 483
(4) THE COMBINED AMOUNT OF PROGRAM FUNDS AND QUALIFYING
LOCAL GOVERNMENT MATCHING FUNDS USED TO DEVELOP THE WORKFORCE
HOUSING UNIT. (H) "PRIORITY FUNDING AREA" HAS THE MEANING STATED IN § 5-7B-02 OF
THE STATE FINANCE AND PROCUREMENT ARTICLE. (H) (I) "PROGRAM" MEANS THE WORKFORCE HOUSING GRANT PROGRAM. (I) (J) "QUALIFYING LOCAL GOVERNMENT" MEANS A COUNTY OR
MUNICIPAL CORPORATION THAT QUALIFIES FOR PARTICIPATION IN THE PROGRAM
UNDER § 4-1803 OF THIS SUBTITLE. (J) (K) "WORKFORCE HOUSING" MEANS: (1)      RENTAL HOUSING THAT IS AFFORDABLE FOR A HOUSEHOLD WITH
AN AGGREGATE ANNUAL INCOME BETWEEN 50% AND 100% OF THE AREA MEDIAN
INCOME; OR (2)      HOMEOWNERSHIP HOUSING THAT: (I)      EXCEPT AS PROVIDED IN ITEM (II) OF THIS ITEM, IS
AFFORDABLE TO A HOUSEHOLD WITH AN AGGREGATE ANNUAL INCOME BETWEEN
60% AND 120% OF THE AREA MEDIAN INCOME; OR (II)     IN TARGET AREAS THAT ARE RECOGNIZED BY THE SECRETARY
FOR PURPOSES OF ADMINISTERING THE MARYLAND MORTGAGE PROGRAM, IS
AFFORDABLE TO A HOUSEHOLD WITH AN AGGREGATE ANNUAL INCOME BETWEEN
60% AND 150% OF THE AREA MEDIAN INCOME. 4-1802. (A)     THERE IS A WORKFORCE HOUSING GRANT PROGRAM. (B)     THE PROGRAM PROVIDES FLEXIBLE CAPITAL FUNDS TO QUALIFYING
COUNTIES LOCAL GOVERNMENTS FOR DEVELOPMENT COSTS OF WORKFORCE
HOUSING. (C) FUNDING FOR THE PROGRAM SHALL BE AS PROVIDED IN THE STATE
BUDGET. 4-1803. (A) A COUNTY LOCAL GOVERNMENT QUALIFIES FOR PARTICIPATION IN THE
PROGRAM IF: (1)      THE COUNTY OR A MUNICIPAL CORPORATION WITHIN THE COUNTY
LOCAL GOVERNMENT HAS: (I)      A 5-YEAR CONSOLIDATED PLAN APPROVED BY THE UNITED
STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT; OR (II)     A COMPREHENSIVE PLAN; (2)     THE PLANS LISTED IN ITEM (1) OF THIS SUBSECTION: - 2469 -


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Session Laws, 2006
Volume 750, Page 2469   View pdf image
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