Ch. 227

LAWS OF MARYLAND

(2)  Architectural, engineering, or other special
services;

(3)  Acquisition of land and improvements;

(4)  Site preparation and development;

(5)  Construction, reconstruction, rehabilitation, and
improvement;

(6)  Acquisition of necessary machinery, equipment,
and furnishings;

(7)   Initial occupancy expenses of the project;

(8)   Indemnity and surety bonds and premiums on
insurance; and

(9)  Other fees and relocation expenses.

(c)  (1) "Families of lower income" means families or
persons whose incomes do not exceed upper income limits
established by the Secretary taking into consideration factors
including:

(i) The amount of the total income of the
families available for housing needs;

(ii) The size of the family;

(iii) The cost and condition of housing
facilities available;

(iv) The ability of the families to compete
successfully in the conventional private housing market; and

(v) Relevant standards and definitions
established for federal housing programs.

(2) The income limits for families of lower income
shall be established at levels lower than the income limits
established for families of limited incomes as provided in §
2-203 of this article. The limits may differ for different areas
or regions of the State. A limit of general applicability may be
supplemented by a lower limit applicable to a particular project.

(d)   "Fund" means the Rental Housing [Production] PROGRAMS
Fund.

(e)   "Limited equity cooperative housing" has the meaning
stated in § 143(k)(9)(c) of the Internal Revenue Code and the
regulations adopted by the Internal Revenue Service under §
143(k)(9)(c) of the Internal Revenue Code.

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