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2006 LAWS OF MARYLAND
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Ch. 118
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(2) THE PROJECT IN WHICH THE UNIT IS LOCATED COMPLIES WITH THE
REQUIREMENTS OF THE OTHER STATE HOUSING PROGRAMS FINANCING THE
PROJECT, IF ANY, INCLUDING REQUIREMENTS FOR LOCAL SUPPORT OR LOCAL
CONTRIBUTION.
4-1208.
(c) The Department shall secure the obligations of the political subdivision
[or], housing authority, OR PRIVATE SECTOR ENTITY by using a mortgage, deed of
trust, or other security device that the Department accepts on the property or on
revenues derived from the property.
(d) (1) To allow for more affordable rents, a political subdivision or housing
authority may contribute local money, including locally administered federal money
or federal rental assistance.
(2) [Political] THE CONTRIBUTIONS OF POLITICAL subdivisions or
housing authorities [with greater fiscal capacity shall make larger contributions to
acquire, construct, reconstruct, renovate, or rehabilitate partnership rental housing,
excluding the cost of the land, but including] UNDER § 4-1207(A)(2)(III) OF THIS
SUBTITLE MAY INCLUDE the costs of:
(i) necessary studies, surveys, tests, plans, and specifications;
(ii) architectural, design, engineering, and other special services;
(iii) site preparation; [and]
(iv) indemnity and surety bonds and premiums on title and hazard
insurance; AND
(V) OTHER COSTS OF DEVELOPMENT.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 2006.
Approved April 25, 2006.
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CHAPTER 118
(Senate Bill 127)
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AN ACT concerning
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Department of Housing and Community Development - Multifamily Rental
Housing Programs
FOR the purpose of authorizing certain loans under the Multifamily Rehabilitation
Program to be made to acquire and rehabilitate buildings that provide more
than a certain number of dwellings; adding to the purposes of certain
rehabilitation projects the acquisition of buildings that provide more than a
certain number of dwellings for certain purposes; clarifying that certain loans
- 740 -
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