|
|
|
|
|
|
|
|
|
|
|
|
|
|
ROBERT L. EHRLICH, JR., Governor Ch. 118
(1) grants for rehabilitation projects to families of limited income or
nonprofit sponsors; and
(2) loans for rehabilitation projects to sponsors, nonprofit sponsors, or
families of limited income.
4-923.
(a) The purpose of a rehabilitation project is:
(1) to bring a building to a decent, safe, and sanitary condition in
accordance with applicable codes and standards, including those for construction,
health, safety, fire, and occupancy;
(2) to maintain the building in that condition;
(3) to make the building more useful and attractive;
(4) to conform the building to the appropriate minimum livability code;
(5) TO ACQUIRE A BUILDING CONTAINING MORE THAN FOUR DWELLING
UNITS FOR THE PURPOSES SET FORTH IN ITEMS (1) THROUGH (4) OF THIS
SUBSECTION;
[(5)] (6) to provide, under applicable special loan programs:
(i) lead paint abatement;
(ii) indoor plumbing; or
(iii) shared, accessory, or sheltered housing;
[(6)] (7) in the case of a loan to an elderly HOUSEHOLD or A disabled
homeowner, to modify or improve a dwelling to make it more accessible or functional
for the occupants, if the building is, or after improvements will be, structurally sound
and free of health and safety hazards; or
[(7)] (8) to provide, under applicable special loan pilot programs, radon
abatement or asbestos abatement.
4-929.
(d) To qualify for a nonprofit rehabilitation loan, a nonprofit sponsor shall:
(1) own OR HAVE A CONTRACT TO ACQUIRE the building to be
rehabilitated or act on behalf of the owner;
(2) demonstrate the capability to manage the rehabilitated project and
pay back the loan; and
(3) agree to use the loan proceeds for a rehabilitation project that
provides housing for families of limited income in accordance with the requirements
of § 4-918(a) and (b) of this subtitle.
|
|
|
|
|
|
|
|
|
|
- 747 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
