HARRY HUGHES, Governor

3273

APPROXIMATELY 80 PERCENT OF THE MEDIAN INCOME FOR YOUR COUNTY OR

STANDARD METROPOLITAN AREA) FOR 19__, YOU ARE ENTITLED TO BE

REIMBURSED UP TO $750 FOR MOVING EXPENSES, AS DEFINED IN THE
MARYLAND COOPERATIVE HOUSING CORPORATION ACT, ACTUALLY AND
REASONABLY INCURRED. TO RECEIVE REIMBURSEMENT FOR MOVING
EXPENSES, YOU MUST MAKE A WRITTEN REQUEST, ACCOMPANIED BY
REASONABLE EVIDENCE OF YOUR EXPENSES, WITHIN 30 DAYS AFTER YOU
MOVE. YOU ARE ENTITLED TO BE REIMBURSED WITHIN 30 DAYS AFTER
YOUR REQUEST HAS BEEN RECEIVED.

(4) IF YOU WANT TO MOVE OUT OF YOUR RESIDENCE BEFORE
THE END OF THE 180-DAY PERIOD OR THE END OF YOUR LEASE, YOU MAY
CANCEL YOUR LEASE WITHOUT PENALTY BY GIVING AT LEAST 30 DAYS'
PRIOR WRITTEN NOTICE. HOWEVER, ONCE YOU GIVE NOTICE OF WHEN YOU
INTEND TO MOVE, YOU WILL NOT HAVE THE RIGHT TO REMAIN IN YOUR
RESIDENCE BEYOND THAT DATE.

SECTION 2

RIGHT TO 3-YEAR LEASE EXTENSION OR

3-MONTH RENT PAYMENT FOR CERTAIN

HANDICAPPED CITIZENS AND SENIOR CITIZENS

THE DEVELOPER WHO CONVERTS THIS RESIDENTIAL RENTAL FACILITY
TO A COOPERATIVE HOUSING CORPORATION MUST OFFER EXTENDED LEASES
TO QUALIFIED HOUSEHOLDS FOR UP TO 20 PERCENT OF THE UNITS IN THE
RESIDENTIAL RENTAL FACILITY. HOUSEHOLDS WHICH RECEIVE EXTENDED
LEASES WILL HAVE THE RIGHT TO CONTINUE RENTING THEIR RESIDENCES
FOR AT LEAST 3 YEARS FROM THE DATE OF THIS NOTICE. A HOUSEHOLD
MAY CANCEL AN EXTENDED LEASE BY GIVING 3 MONTHS' WRITTEN NOTICE
IF MORE THAN 1 YEAR REMAINS ON THE LEASE, AND 1 MONTH'S WRITTEN
NOTICE IF 1 YEAR OR LESS REMAINS ON THE LEASE.

RENTS UNDER THESE EXTENDED LEASES MAY BE INCREASED ONLY ONCE
EACH YEAR AND ARE LIMITED BY INCREASES IN THE COST OF LIVING
INDEX. READ THE ENCLOSED LEASE TO LEARN THE ADDITIONAL RIGHTS
AND RESPONSIBILITIES OF TENANTS UNDER EXTENDED LEASES.

IN DETERMINING WHETHER YOUR HOUSEHOLD QUALIFIES FOR AN
EXTENDED LEASE, THE FOLLOWING DEFINITIONS APPLY:

(1)  "HANDICAPPED CITIZEN" MEANS A PERSON WITH A
MEASURABLE LIMITATION OF MOBILITY DUE TO CONGENITAL DEFECT,
DISEASE, OR TRAUMA.

(2)  "SENIOR CITIZEN" MEANS A PERSON WHO IS AT LEAST
62 YEARS OLD ON THE DATE OF THIS NOTICE.

(3)  "ANNUAL INCOME" MEANS THE TOTAL INCOME FROM ALL
SOURCES FOR ALL PRESENT MEMBERS OF YOUR HOUSEHOLD FOR THE INCOME
TAX YEAR IMMEDIATELY PRECEDING THE YEAR IN WHICH THIS NOTICE IS
ISSUED, WHETHER OR NOT INCLUDED IN THE DEFINITION OF GROSS INCOME
FOR FEDERAL OR STATE TAX PURPOSES. FOR PURPOSES OF THIS SECTION,
THE INCLUSIONS TO AND EXCLUSIONS FROM ANNUAL INCOME ARE THE SAME
AS FOR "GROSS INCOME" AS THAT TERM IS DEFINED IN § 9-104(A)(7) OF
THE TAX - PROPERTY ARTICLE FOR THE PROPERTY TAX CREDITS FOR