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Session Laws, 2000
Volume 797, Page 797   View pdf image
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PARRIS N. GLENDENING, Governor Ch. 132
BY adding to Article 83B - Department of Housing and Community Development Section 2-1501 through 2-1509, inclusive, to be under the new subtitle "Subtitle 15. Self-Help Homeownership Technical Assistance Program"
Annotated Code of Maryland (1998 Replacement Volume and 1999 Supplement) BY repealing and reenacting, with amendments, Article 83B - Department of Housing and Community Development Section 11-103(c) Annotated Code of Maryland (1998 Replacement Volume and 1999 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows: Article 83B - Department of Housing and Community Development SUBTITLE 15. SELF-HELP HOMEOWNERSHIP TECHNICAL ASSISTANCE PROGRAM.
2-1501. THE GENERAL ASSEMBLY FINDS AND DECLARES THAT: (1) HOMEOWNERSHIP IS A STABILIZING FACTOR FOR COMMUNITIES
AND FAMILIES AND IS THE BEST WAY FOR LOW INCOME FAMILIES TO BUILD EQUITY
AND MOVE OUT OF POVERTY; (2) THE AFFORD ABILITY OF HOMEOWNERSHIP HAS WORSENED OVER
THE LAST 20 YEARS BECAUSE INCOMES HAVE NOT KEPT PACE WITH THE RISING
COSTS OF HOMEOWNERSHIP; (3) SELF-HELP HOUSING ASSISTS LOW INCOME HOUSEHOLDS TO MOVE
INTO HOMEOWNERSHIP, WHICH INCREASES THEIR FINANCIAL STABILITY; (4) FAMILIES WORKING IN GROUPS TO COOPERATIVELY BUILD THEIR
HOMES ASSISTS IN CREATING STRONGER COMMUNITIES; AND (5) THERE HAVE BEEN THREE SUCCESSFUL FEDERALLY FUNDED
SELF-HELP PROGRAMS IN MARYLAND AND MODELING A STATE SELF-HELP
OWNERSHIP PROGRAM ON A WELL-TESTED FEDERAL PROGRAM WILL INCREASE
HOMEOWNERSHIP OPPORTUNITIES FOR LOW INCOME HOUSEHOLDS ACROSS
MARYLAND. 2-1502. (A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
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Session Laws, 2000
Volume 797, Page 797   View pdf image
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