3060                                         LAWS OF MARYLAND                                     Ch. 596

(C)  USE AVAILABLE RESOURCES TO SERVE HOUSEHOLDS MOST IN
NEED; AND

(D)  RELIEVE CONDITIONS OF UNEMPLOYMENT IN THIS STATE BY
STIMULATING THE CONSTRUCTION OR SUBSTANTIAL REHABILITATION OF
ELDERLY RENTAL HOUSING.

13-403.

THERE IS AN ELDERLY RENTAL HOUSING PROGRAM OF THE
ADMINISTRATION.

13-404.

(A)  IN ADDITION TO THE SPECIFIC POWERS GRANTED AND DUTIES
IMPOSED BY THIS SUBTITLE, THE ADMINISTRATION HAS THE POWERS AND
DUTIES SET FORTH IN THIS SECTION.

(B)  THE ADMINISTRATION SHALL:

(1)  MANAGE AND SUPERVISE THE PROGRAM; AND

(2)  ADOPT POLICIES TO INSURE THAT RENTAL PROPERTY IS
MADE AVAILABLE TO LOW INCOME ELDERLY HOUSEHOLDS;

(3)  DEVELOP REGULATIONS IN CONSULTATION WITH THE
MARYLAND HOUSING POLICY COMMISSION TO IMPLEMENT THE PROGRAM; AND

(4)  USE FEDERAL AND STATE PROGRAMS THAT COMPLEMENT OR
FACILITATE CARRYING OUT THE PROGRAM.

(C)  THE ADMINISTRATION SHALL SET INCOME GUIDELINES BY
CONSIDERING:

(1)  THE MEDIAN INCOME FOR THE AREA;

(2)  MINIMUM INCOME NEEDED TO AFFORD AVAILABLE
STANDARD RENTAL UNITS IN THE AREA; AND

(3)  ANY OTHER FACTORS THE ADMINISTRATION FINDS
RELEVANT.

(D)  THE ADMINISTRATION SHALL ADOPT RULES AND REGULATIONS TO
CARRY OUT THE PROGRAM IN CONFORMANCE WITH STATUTORY REQUIREMENTS
AND IN CONSULTATION WITH THE MARYLAND HOUSING POLICY COMMISSION.

13-405.

(A)  THE PROGRAM SHALL OPERATE AS A CONTINUING, NONLAPSING,
SPECIAL FUND, THAT CONSISTS OF MONEYS APPROPRIATED BY THE STATE
TO THE PROGRAM. THE FUND SHALL BE CALLED THE ELDERLY RENTAL
HOUSING FUND.

(B)  THE ADMINISTRATION SHALL USE THE FUND TO MAKE LOANS AND
TO PAY EXPENSES OF THE PROGRAM.