WILLIAM DONALD SCHAEFER, Governor                      Ch. 97

(ii) architectural, design, engineering,
and other special services;

(iii) site preparation; and

(iv) indemnity and surety bonds and
premiums on title and hazard insurance.

(2)   "Local government" means any municipal
corporation in Maryland subject to the provisions of Article XI-E
of the Constitution, the Mayor and City Council of Baltimore, any
of the 23 counties in Maryland, and any housing authority
authorized under Article 44A.

(3)   "Lower income household" means a household
whose gross annual income does not exceed 50 percent of the
statewide median income for a household of like size or such
lesser income level as may be established for any particular
project by the Secretary of Housing and Community Development.

(4)   "Partnership rental housing" means housing
facilities, including apartments, condominium units,
cooperatives, townhouses, townhomes, single room occupancy and
shared living unit facilities, and single family homes.

(c)  The Secretary of Housing and Community
development shall adopt regulations establishing the time when
households that exceed the income limits for lower income
households after initial occupancy will be required to vacate the
partnership rental housing.

(d)  Any local government may apply to the Community
Development Administration for funds to finance the development
costs of new construction, reconstruction, or substantial
renovation, or rehabilitation of buildings for the purpose of
adding to the stock of rental housing available to lower income
households and for funds to finance the acquisition cost of the
property that is being developed, excluding the value of the
land. The bond proceeds shall be governed by and subject to the
following stipulations and limitations:

(1)  The local government shall either
contribute the land for the partnership rental housing or fund
the portion of the acquisition cost of the property that is
attributable to the value of the land from non-State sources.

(2)  The local government shall own the
partnership rental housing.

(3)  The local government shall directly or
indirectly manage the operation of the partnership rental
housing.

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