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Session Laws, 2006
Volume 750, Page 737   View pdf image
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ROBERT L. EHRLICH, JR., Governor
Ch. 117
4-1204. The purposes of the Program are to: (1)     provide decent, safe, and sanitary rental housing for households of
lower income; (2)     provide financial assistance to political subdivisions or housing
authorities to acquire, construct, reconstruct, renovate, or rehabilitate rental housing
affordable to households of lower income; (3)     stimulate the development and ownership of rental housing for
households of lower income by political subdivisions, housing authorities, or
partnerships that include political subdivisions or housing authorities; (4)     provide financial assistance to private [developers] SECTOR
ENTITIES to acquire, construct, reconstruct, renovate, or rehabilitate housing units: (I)      for sale to political subdivisions, housing authorities, or
partnerships that include political subdivisions or housing authorities, as affordable
rental housing for households of lower income; OR (II)     FOR OCCUPANCY BY HOUSEHOLDS OF LOWER INCOME THAT
INCLUDE ONE OR MORE INDIVIDUALS WITH DISABILITIES OR SPECIAL NEEDS; (5)     promote affordable housing programs and increased contributions to
the production of affordable rental housing by political subdivisions [or], housing
authorities, AND THE PRIVATE SECTOR, INCLUDING FOR PROFIT AND NONPROFIT
ENTITIES; (6)     encourage households of lower income that live in partnership rental
housing to contribute actively to the operation or maintenance of the housing or the
community; [and] (7)     finance rental housing that is: (i) to be occupied by households of lower income; (ii) to be owned by political subdivisions or housing authorities or
partnerships that include political subdivisions or housing authorities; and (iii) expected to be financially self-sufficient, without further
governmental financing for maintenance, renovation, or operating subsidies; AND (8)      ENCOURAGE THE PRIVATE SECTOR TO PROVIDE RENTAL HOUSING
FOR HOUSEHOLDS OF LOWER INCOME THAT INCLUDE ONE OR MORE INDIVIDUALS
WITH DISABILITIES OR SPECIAL NEEDS. 4-1205. (a) The Department shall: (1) administer the Program; - 737 -


 
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Session Laws, 2006
Volume 750, Page 737   View pdf image
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