2944

LAWS OF MARYLAND

Ch. 773

CHAPTER 773

(House Bill 1153)

AN ACT concerning

Prince George's County Housing Authority - First-Time Buyers

PG 405-86

FOR the purpose of finding and declaring the need for more
adequate housing for existing homeowners and the need for
more financing opportunities for first-time home buyers;
authorizing the Prince George's County Housing Authority to
make or purchase mortgage loans to assist first-time home
buyers to purchase existing homes under certain
circumstances; and generally relating to the powers of the
Prince George's County Housing Authority.

BY repealing and reenacting, with amendments,

Article 44A - Housing Authorities

Section 8C(a) and (f)

Annotated Code of Maryland

(1982 Replacement Volume and 1985 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 44A - Housing Authorities

8C.

(a) It is found and declared that there exists within
Prince George's County (1) a shortage of decent, safe, and
adequate housing and continuing care facilities for the elderly,
and (2) a number of economically depressed areas and housing in
need of rehabilitation. As a result, county residents are forced
to occupy overcrowded, congested and deteriorated housing and
live in depressed neighborhoods, and many elderly citizens are
forced to remain in housing which is ill-suited for their current
needs and abilities. These conditions necessitate excessive and
disproportionate expenditures of public funds for public health,
safety and welfare protection, and other public services and
facilities. The operations of continuing care facilities absorb
costs of health, safety, and social services of the residents of
those facilities while adding to the available housing stock of
the county. The shortage of decent, safe, and adequate housing
and continuing care facilities, and the revitalization of
depressed neighborhoods and rehabilitation of housing cannot be
relieved wholly through the operation of private enterprise. The
construction and rehabilitation of housing including continuing
care facilities for Prince George's County residents, and the
acquisition and expenditure of public funds to produce such
housing, therefore, are not competitive with private enterprise.