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ROBERT L. EHRLICH, JR., Governor
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Ch. 117
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(3) the political subdivision or housing authority is to have an ownership
interest in the partnership project or in the rental units financed by the Program and
sold to the political subdivision or housing authority or to a partnership that includes
the political subdivision or housing authority;
(4) the political subdivision or housing authority directly or indirectly
manages the partnership project;
(5) the rental units financed by the Program are to be occupied on
completion of the acquisition, construction, reconstruction, renovation, or
rehabilitation by households of lower income;
(6) the households of lower income occupying the partnership project or
the part financed by the Program are required to contribute services to enhance or
maintain the partnership project or the community in a way that the political
subdivision or housing authority accepts; AND
(7) it is reasonable to anticipate that:
(i) more State subsidies will not be needed for long-term
occupancy by households of lower income; and
(ii) rental income, including any contribution to allow for more
affordable rents under § 4—1208(d) of this subtitle, will be enough to pay the operating
costs of the partnership project and to build an adequate reserve for the long-term
maintenance and renovation of the partnership project[; and
(8) for the second and each succeeding partnership project that a
political subdivision or housing authority undertakes, the percentage of the local
contribution to the partnership project exceeds the percentage of the local
contribution to the immediately preceding partnership project, unless the Secretary
determines that the political subdivision or housing authority:
(i) currently is making substantial commitments to affordable
housing; or
(ii) is at taxing capacity and lacks discretionary surplus money].
(b) The rental units financed by the Program may include, as among those
that must be occupied by households of lower income, rental units restricted for
occupancy to meet other federal or State occupancy requirements.
(C) THE DEPARTMENT MAY APPROVE THE USE OF PARTNERSHIP RENTAL
HOUSING FUNDS FOR A UNIT OF PARTNERSHIP RENTAL HOUSING THAT IS NOT
OWNED IN WHOLE OR IN PART BY A POLITICAL SUBDIVISION OR HOUSING
AUTHORITY IF:
(1) THE UNIT WILL BE OCCUPIED BY A HOUSEHOLD OF LOWER INCOME
THAT INCLUDES ONE OR MORE INDIVIDUALS WITH DISABILITIES OR SPECIAL NEEDS;
AND
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- 739 -
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