Md. Code, Hous. & Cmty. Dev. § 10-202

Current with changes from the 2024 Legislative Session
Section 10-202 - Purposes of Fund
(a) The Board shall use the Fund to make awards to:
(1) help acquire, build, rehabilitate, or preserve affordable housing;
(2) help nonprofit organizations develop affordable housing; and
(3) help promote affordable housing by contributing to pay the operating expenses of housing developments.
(b) In any fiscal year, the Board may use up to 5% of the Fund to pay actual operating and staffing expenses directly related to the activities of the Trust.

Md. Code, HU § 10-202