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Session Laws, 1997
Volume 795, Page 566   View pdf image
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Ch. 21 1997 LAWS OF MARYLAND

(i) 3 employees of the Department, one of whom may be the

Secretary;

(ii) 1 employee of the executive branch of State government, who is
not employed by the Department; and

(iii) 3 members of the public.

(3) [The public members shall include the chairman of the Maryland
Housing Policy Commission or the designee that the chairman appoints with the advice of
the Secretary.

(4) ] The public members shall serve for a term of 4 years beginning July 1,
1983, provided that a member appointed to fill a vacancy in an unexpired term or to
succeed a member who is holding over serves only for the remainder of the term.

[(5)](4) The Housing Finance Review Committee shall review and make
recommendations to the Secretary on the following:

(i) Specific loan requests or categories of loan requests; and

(ii) The investment and project financing policies of the

Administration.

[(6)](5) The Secretary may approve a specific loan request without
receiving the recommendation of the Housing Finance Review Committee when the
nature of the request requires urgent action.

2-804.

(a) In addition to the specific powers granted and duties imposed by this subtitle,
the Administration has the powers and duties set forth in this section.

(b) The Administration shall:

(1) Manage and supervise the Program;

(2) Adopt policies to insure that rental property is made available to
low-income elderly households;

(3) Develop regulations [in consultation with the Maryland Housing Policy
Commission] to implement the Program; and

(4) Use federal and State programs that complement or facilitate carrying
out the Program.

(c) The Administration shall set income guidelines by considering:

(1) The median income for the area;

(2) Minimum income needed to afford available standard rental units in the

area; and

(3) Any other factors the Administration finds relevant.

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Session Laws, 1997
Volume 795, Page 566   View pdf image
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