4010

VETOES

(C) EXCEPT AS PERMITTED UNDER §§ 501(H) AND 4911 OF THE
INTERNAL REVENUE CODE, THE CORPORATION MAY NOT:

(1)  PUBLISH PROPAGANDA OR OTHERWISE ATTEMPT TO
INFLUENCE LEGISLATION; OR

(2)  PARTICIPATE IN OR INTERVENE IN A POLITICAL
CAMPAIGN ON BEHALF OF ANY CANDIDATE FOR PUBLIC OFFICE.

13-609.

THE MONEY IN THE FUND MAY BE USED TO MAKE GRANTS, LOANS, OR
DEFERRED PAYMENT LOANS SUBORDINATE TO OTHER FINANCING OR TO
ENSURE DEFERRED PAYMENT LOANS OR GUARANTEES OF LOANS FROM OTHER
SOURCES TO APPROVED APPLICANTS FOR SUBSTANTIAL CONSTRUCTION OR
REHABILITATION OF LOW INCOME RENTAL HOUSING. ANY LOAN MADE OR
GUARANTEED BY THE PROGRAM MAY BE SUBORDINATED TO OTHER FINANCING.

13-610.

(A)  THE CORPORATION SHALL REVIEW APPLICATIONS FOR LOANS
AWARDS SUBMITTED BY PRIVATE OR NONPROFIT SPONSORS, COUNTIES,
MUNICIPALITIES, OR LOCAL HOUSING AGENCIES ESTABLISHED UNDER
ARTICLE 44A OF THE CODE ON BEHALF OF SPONSORS OF PROPOSED
SUBSTANTIAL CONSTRUCTION OR REHABILITATION OF LOW INCOME RENTAL
HOUSING.

(B) PRIORITY SHALL BE GIVEN TO APPLICANTS WHO HAVE
EXPERIENCE IN DEVELOPING LOW INCOME HOUSING AND WHO BRING
ADDITIONAL FINANCIAL OR TECHNICAL RESOURCES TO THE PROJECT.

(B) (C) THE CORPORATION SHALL CONSIDER, IN APPROVING
APPLICATIONS FOR MONEY FROM THE FUND AWARDS AS PROVIDED UNDER
THIS SUBTITLE:

(1)  THE EXTENT TO WHICH THE PROPOSED PROJECT WILL
PROVIDE HOUSING FOR THE LOWEST INCOME GROUPS.

(2)  REGIONAL COST VARIATIONS, VARIATIONS IN THE SIZE
OF UNITS, AND SERVICES WHICH WILL BE INCLUDED IN THE RENTALS;

(3)  THE NUMBER AND PERCENTAGE OF LOW INCOME RENTAL
HOUSEHOLDS IN THE COUNTY OR MUNICIPALITY; AND

(4)  THE QUANTITY AND CONDITION OF LOW INCOME RENTAL
HOUSING IN THE COUNTY OR MUNICIPALITY.

13-611.

(A) THE CORPORATION SHALL ADOPT REGULATIONS REGARDING

APPLICATIONS FOR MONEY FROM THE FUND AWARDS, INCLUDING

REGULATIONS ON THE STANDARDS OF ELIGIBILITY, TERMS, AND FEES AND