reglab/housing_qa huggingface dataset:
MD. Housing and Community Development Code Ann. §  4-712 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 7 - Lead Hazard Reduction Grant Program and Lead Hazard Reduction Loan Program|Section 4-712 - False Statements or Reports

    (a)    (1)    A person may not knowingly make or cause to be made a false statement or report in a document required to be submitted to the Department relating to a grant or loan.        (2)    A grant or loan applicant may not knowingly make or cause to be made any false statement or report to influence the action of the Department on a grant or loan application or a grant or loan already made.    (b)    A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 2 years or a fine not exceeding $50,000 or both.
MD. Housing and Community Development Code Ann. §  4-801 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-801 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    (1)    “Adjusted annual income” means gross income from all sources with adjustments, as determined by the Department, made for unusual or temporary income items and long-term unusual expenses such as medical, rehabilitation, or special education expenses.        (2)    “Adjusted annual income” includes:            (i)    wages;            (ii)    investment income;            (iii)    Social Security payments;            (iv)    retirement payments;            (v)    disability payments; and            (vi)    unemployment insurance payments.    (c)    “Fund” means the Homeownership Programs Fund under Subtitle 5 of this title.    (d)    “Household of limited income” means one or more individuals whose aggregate adjusted annual income does not exceed the upper income limits that the Secretary sets under § 4-807 of this subtitle.    (e)    “Lot consolidation” means the acquisition of real property adjacent to and in connection with a residence financed by the Program to include the real property as part of the residence.    (f)    “Median annual family income” means the median annual family income for the State, county, or area, whichever is greatest, as shown in the latest Census Bureau Report of the United States Department of Commerce.    (g)    “Preferred interest rate” means an interest rate that the Department sets under § 4-806(c) of this subtitle.    (h)    “Program” means the Maryland Home Financing Program.    (i)    “Region” means an area of the State that the Department establishes comprising one or more counties.    (j)    “Short-term loan” means a loan that, under the loan documents, is expected to be taken out by other financing within 7 years.
MD. Housing and Community Development Code Ann. §  4-802 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-802 - Scope of Subtitle

    This subtitle applies only to loans that the Department makes under this subtitle or that were made before July 1, 1989, under the Maryland Home Financing Program, the Reverse Equity Loan Program, or the Homeowners’ Emergency Mortgage Assistance Program.
MD. Housing and Community Development Code Ann. §  4-803 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-803 - Established

    There is a Maryland Home Financing Program.
MD. Housing and Community Development Code Ann. §  4-804 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-804 - Purposes of Program

    The purposes of the Program are to make, participate in making, and purchase:        (1)    preferred interest rate loans to acquire, acquire and rehabilitate with or without demolition or lot consolidation, or refinance a primary residence by:            (i)    households of limited income that will occupy single–unit primary residences; or            (ii)    owner–occupants of residential buildings with not more than four units, if each unit other than the owner’s will be occupied by a household of limited income;        (2)    short–term construction loans to developers or nonprofit sponsors to construct or rehabilitate dwelling units that households of limited income can afford;        (3)    short–term loans to nonprofit sponsors, as defined in Departmental regulations, to acquire and construct or acquire and rehabilitate, with or without demolition or lot consolidation, dwelling units that households of limited income can afford to buy under a purchase or lease–purchase contract;        (4)    emergency assistance loans to households of limited income who, because of unemployment or other extraordinary hardship, cannot make current mortgage payments on their homes and risk forfeiting the title to their homes;        (5)    reverse equity loans to elderly households of limited income for housing–related expenses or personal expenses that enable the owner to continue to occupy the home; and        (6)    preferred interest rate loans to households that meet income standards set by the Department for the redemption of ground leases on their principal residence, including the transactional costs associated with the redemption.
MD. Housing and Community Development Code Ann. §  4-805 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-805 - Powers of Department

    The Department may:         (1)    contract for services related to the Program;        (2)    contract with private mortgage servicers to perform on behalf of the Department functions the servicers ordinarily perform, including foreclosure and employment of counsel;        (3)    require payment of a nonrefundable application fee;        (4)    purchase or commit to purchase from mortgage lenders notes or mortgages that meet the requirements of this subtitle, any regulations adopted under it, and appropriate Program directives; and        (5)    without approval or execution by the Board of Public Works:            (i)    assign a mortgage for value;            (ii)    release a mortgage;            (iii)    foreclose a mortgage;            (iv)    acquire property that secures a loan in default;            (v)    encumber, sell, or otherwise dispose of property acquired in connection with a loan in default;            (vi)    sell a loan at a discount or on other terms acceptable to the Department;            (vii)    transfer to the Fund money received on the sale of a loan under item (vi) of this item; and            (viii)    repurchase or pay the cost of servicing a loan that has been sold under item (vi) of this item with money in the Fund and on terms acceptable to the Department.
MD. Housing and Community Development Code Ann. §  4-806 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-806 - Duties of Department

    (a)    The Department shall:        (1)    manage the Program in a manner that:            (i)    serves all areas of the State; and            (ii)    does not create or aggravate low-income concentrations that adversely affect communities;        (2)    periodically set upper limits on adjusted annual income;        (3)    use federal or State programs that complement or facilitate carrying out the Program; and        (4)    adopt regulations to carry out the Program.    (b)    The Department shall adopt policies to ensure that each loan made under the Program is made only to:        (1)    a household that:            (i)    when the loan is made, has an adjusted annual income at or below the applicable upper limit that the Secretary sets under § 4-807 of this subtitle; and            (ii)    cannot qualify for conventional or other available departmental financing to enable the owner to continue to occupy the home, or to acquire, acquire and rehabilitate with or without demolition or lot consolidation, or refinance a home;        (2)    a developer that the Department reasonably believes can build or rehabilitate housing that a household of limited income can afford; and        (3)    an owner-occupant of a residential building with not more than four units if each unit other than the owner’s will be occupied by a household of limited income.    (c)    (1)    For each type of loan described in § 4–804 of this subtitle, the Department periodically shall set:            (i)    appropriate terms, including deferred payments on principal and interest; and            (ii)    a preferred interest rate that may be as low as 0.0% or as high as is reasonable in light of the incomes of the proposed occupants.        (2)    In setting these terms and interest rates, the Department shall take into account rates available in the conventional private housing market and the adjusted annual income and assets of prospective borrowers.
MD. Housing and Community Development Code Ann. §  4-807 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-807 - Adjusted Annual Income

    (a)    In setting upper limits on adjusted annual income, the Department shall consider factors including:        (1)    the total income of each individual expected to live in the home;        (2)    the size of the household;        (3)    the cost of available housing facilities;        (4)    the ability of the household to compete successfully in the conventional private housing market; and        (5)    pertinent standards and definitions established for federal housing programs.    (b)    Upper limits on adjusted annual income may vary for different:        (1)    types of housing;        (2)    types of financing offered by the Program; and        (3)    regions.    (c)    Within the upper limits on adjusted annual income, lower income limit ranges and lower interest rates may be established for loans to households with adjusted annual incomes in the lower ranges.    (d)    Except for loans made under § 4–804(4) and (6) of this subtitle, the upper limits on adjusted annual income established under subsection (a) of this section may not exceed the median annual family income.
MD. Housing and Community Development Code Ann. §  4-808 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-808 - Operation of Program

    The Program shall be operated with the money in the Fund.
MD. Housing and Community Development Code Ann. §  4-809 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-809 - Application for Loan

    To apply for a loan under this subtitle, an applicant shall submit:         (1)    a completed application in a form that the Department requires;        (2)    a copy of the applicant’s latest State income tax return or other available verification of income, unless the application is for a loan under § 4-804(1)(i) or (2) of this subtitle; and        (3)    any other information or documentation that the Department considers necessary to make a determination on the loan.
MD. Housing and Community Development Code Ann. §  4-810 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-810 - Eligibility for Loan -- in General

    (a)    To qualify for a loan under § 4-804(1)(i), (4), or (5) of this subtitle, an applicant:        (1)    shall be a member of a household of limited income;        (2)    on closing of the loan, shall intend to reside in the home to be financed;        (3)    may not own other property used as the applicant’s personal residence; and        (4)    in the estimation of the Department, shall lack the financial resources to obtain a private conventional mortgage or to qualify for other departmental loan programs.    (b)    To qualify for a loan under § 4-804(1)(ii) of this subtitle, an applicant:        (1)    shall agree in writing to live as an owner-occupant in one of the units of a residential building with no more than four units;        (2)    shall agree in writing to rent each unit other than the applicant’s unit to a household of limited income; and        (3)    in the estimation of the Department, shall lack the financial resources to obtain a private conventional mortgage or qualify for other departmental loan programs.    (c)    To qualify for a loan under § 4-804(2) of this subtitle, an applicant shall agree to sell or rent each dwelling unit constructed or rehabilitated with the proceeds of the loan to a household of limited income.    (d)    To qualify for a loan under § 4–804(6) of this subtitle, an applicant shall:        (1)    own and occupy the home as the applicant’s principal residence; and        (2)    meet the income requirements set by the Department.
MD. Housing and Community Development Code Ann. §  4-811 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-811 - Eligibility for Loan -- Emergency Assistance Loans

    (a)    To qualify for an emergency assistance loan made under § 4-804(4) of this subtitle, an applicant:        (1)    shall be unable to keep payments current on the applicant’s home mortgage because of unforeseeable adverse personal or economic circumstances;        (2)    shall be at risk of forfeiting title to the applicant’s home; and        (3)    reasonably may be expected to resume regular mortgage payments within 24 months after the first mortgage assistance payment is provided.    (b)    For an emergency assistance loan under § 4-804(4) of this subtitle:        (1)    the Department shall consider the amount of equity in the property; and        (2)    the loan may not exceed an amount equal to 36 payments of principal and interest on all superior liens, plus:            (i)    late fees;            (ii)    taxes;            (iii)    insurance payments; and            (iv)    other payments needed for the loan to be current.
MD. Housing and Community Development Code Ann. §  4-812 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-812 - Eligibility for Loan -- Reverse Equity Loans

    To qualify for a reverse equity loan under § 4-804(5) of this subtitle, an applicant shall:         (1)    be at least 62 years old when the loan closes; and        (2)    need financial assistance with housing-related expenses or personal expenses that enable the owner to continue to occupy the home.
MD. Housing and Community Development Code Ann. §  4-813 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-813 - Eligibility for Loan -- Short-Term Construction Loans

    (a)    To qualify for a short-term construction loan under § 4-804(2) of this subtitle, a developer or nonprofit sponsor shall:        (1)    provide construction costs, marketing data, and other information the Department requires; and        (2)    have a commitment from the Department under § 4-815(j) of this subtitle for permanent financing for the sale of each residence to be built or rehabilitated with the short-term construction loan.    (b)    To qualify for a short-term loan under § 4-804(3) of this subtitle, a nonprofit sponsor:        (1)    shall provide:            (i)    information on the costs of the proposed undertaking;            (ii)    marketing data; and            (iii)    other information the Department requires; and        (2)    shall have:            (i)    a commitment from the Department for permanent financing for the sale of each residence built or rehabilitated with the short-term loan; or            (ii)    approval from the Department to rent the residence subject to a lease purchase agreement acceptable to the Department.
MD. Housing and Community Development Code Ann. §  4-814 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-814 - Preferred Interest Rate Mortgage

    To qualify for a preferred interest rate loan to refinance an existing home under § 4-804(1) of this subtitle, an applicant shall:         (1)    be unable to keep payments current on the applicant’s home mortgage because of exceptional adverse personal or economic circumstances; and        (2)    risk forfeiting title to the applicant’s home.
MD. Housing and Community Development Code Ann. §  4-816 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 8 - Maryland Home Financing Program|Section 4-816 - False Statements or Reports

    (a)    A person may not knowingly make or cause to be made any material misstatement of fact, including an understatement or overstatement of financial condition, in a statement or report that:        (1)    is in or relates to a loan application under this subtitle; or        (2)    affects a loan already made under this subtitle.    (b)    A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 2 years or a fine not exceeding $5,000 or both.
MD. Housing and Community Development Code Ann. §  4-1001 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 10 - Neighborhood Housing Services Fund|Section 4-1001 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Fund” means the Neighborhood Housing Services Fund.    (c)    “Neighborhood corporation” means a neighborhood housing services corporation established in connection with the Neighborhood Reinvestment Corporation.    (d)    (1)    “Operating budget” means the money necessary to operate a neighborhood corporation, including money to pay:            (i)    administrative, technical, legal, or other expenses; and            (ii)    expenses incurred by an umbrella corporation in operating programs.        (2)    “Operating budget” does not include money allocated to revolving or other loan funds.    (e)    “Program” means a program that a neighborhood corporation establishes and supervises to achieve its goals and to provide services within a specific neighborhood.    (f)    “Umbrella corporation” means a neighborhood corporation that establishes and supervises at least two programs.
MD. Housing and Community Development Code Ann. §  4-1002 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 10 - Neighborhood Housing Services Fund|Section 4-1002 - Neighborhood Housing Services Fund

    (a)    There is a Neighborhood Housing Services Fund.    (b)    The Department shall administer the Fund.
MD. Housing and Community Development Code Ann. §  4-1003 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 10 - Neighborhood Housing Services Fund|Section 4-1003 - Regulations

    The Department may adopt regulations to carry out this subtitle.
MD. Housing and Community Development Code Ann. §  4-1004 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 10 - Neighborhood Housing Services Fund|Section 4-1004 - Grants

    (a)    To be eligible for a grant under this subtitle, a neighborhood corporation or umbrella corporation shall:        (1)    submit a timely application in the form that the Secretary prescribes;        (2)    create a board of directors composed of:            (i)    a member of the General Assembly;            (ii)    neighborhood residents;            (iii)    representatives of local financial institutions; and            (iv)    representatives of local political subdivisions, if not inconsistent with local law;        (3)    be authorized to establish and administer a revolving loan fund by lending money at flexible rates and terms to neighborhood homeowners who cannot obtain mortgage financing on reasonable terms through normal lending channels to preserve or revitalize neighborhoods and encourage homeownership; and        (4)    be authorized to establish and administer, in cooperation with appropriate officials of the political subdivision, a housing program to bring neighborhood dwellings to acceptable levels of health and safety.    (b)    The Secretary or the Secretary’s designee shall be a voting member of each neighborhood corporation receiving grants from the Department.    (c)    An application for a grant under subsection (a)(1) of this section shall contain:        (1)    a description of the boundaries of the area that the neighborhood corporation or Program serves;        (2)    certification that the applicant is registered with the Neighborhood Reinvestment Corporation;        (3)    certification of incorporation under State law;        (4)    certification of receipt of a ruling from the Internal Revenue Service that the applicant is exempt from federal income taxation;        (5)    certification that the portion of the applicant’s annual operating budget that will not be covered by the grant sought has been provided exclusively from political subdivisions or private sources; and        (6)    any other information that the Secretary requires.
MD. Housing and Community Development Code Ann. §  4-1005 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 10 - Neighborhood Housing Services Fund|Section 4-1005 - Maximum Grant Amounts

    (a)    (1)    Each eligible neighborhood corporation may apply for a grant in an amount up to $50,000 that does not exceed one-third of its annual operating budget.        (2)    Each umbrella corporation may apply for a grant for each program under its supervision in an amount up to $50,000 that does not exceed one-third of the annual operating budget of the program.    (b)    If the amount requested by eligible applicants in a fiscal year exceeds the amount of the Fund, the Secretary shall reduce each grant pro rata so that the Fund amount appropriated for that fiscal year is not exceeded.