Ch. 11

LAWS OF MARYLAND

(9)  Contract for and accept any grant, contribution
or loan of funds, property or other aid in any form for community
development from the federal government and, subject to the
provisions of this [subheading] SUBTITLE, do all things necessary

to qualify for any such grant, contribution or loan under any
federal program including, but not fully enumerative of, those
things necessary to qualify for assistance as a local public
agency or a public housing agency, or both, under the federal
housing and renewal programs in effect from time to time.

(10)  Contract for and accept any gift, grant,
contribution or loan of funds, property or other aid in any form
for community development from any agency or instrumentality of
the State, or from any other source and comply, subject to the
provisions of this [subheading] SUBTITLE, with the terms and
conditions thereof.

DRAFTER'S NOTE: This corrects outdated cross-references in
Article 41, § 11-304(8), (9), and (10).

Former subheading "Community Development
Administration" became Title 11, Subtitle 3 of this
article when the sections of Article 41 were
renumbered pursuant to Ch. 5 of the Acts of 1986.

The outdated cross-references were noted by the Michie
Company.

(13) (i) In accordance with the provisions of §
11-305 OF THIS SUBTITLE:

1.  Make, purchase, and participate in
making:

A.  Mortgage loans for any community
development project, secured by a mortgage lien, including
temporary loans or advances and permanent direct mortgage loans
to families of limited incomes for the purchase of dwelling units
in a community development project; and

B.  Reverse equity mortgage loans for
elderly families of limited income that are secured by a mortgage
lien for housing related expenses, including personal expenses
which enable the owner to continue to occupy the owner's home;
and

2.  Undertake commitments therefor.

(ii) In this subtitle:

1. "Mortgage loans" includes loans, to
finance or refinance purchases of stock or membership or to

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