reglab/housing_qa huggingface dataset:
MD. Housing and Community Development Code Ann. §  4-405 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 4 - Rental Housing Program|Section 4-405 - Funding Requests

    To achieve the purposes of the Program, the Department shall, from time to time, ask the State to increase or replace amounts deposited with the State Treasurer in the Fund.
MD. Housing and Community Development Code Ann. §  4-406 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 4 - Rental Housing Program|Section 4-406 - Regulations

    (a)    The Department shall adopt regulations to carry out the Program.    (b)    The regulations shall provide for:        (1)    applications for money from the Fund;        (2)    standards of eligibility, terms, and fees;        (3)    charges that shall be imposed on Program loans; and        (4)    the recapture of money of the Fund from a borrower that does not use the money in a timely manner.
MD. Housing and Community Development Code Ann. §  4-407 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 4 - Rental Housing Program|Section 4-407 - Qualifying Projects

    (a)    A project qualifies as a rental housing project under this subtitle if:        (1)    its purpose is to acquire, construct, or rehabilitate real property or all or part of a building or improvements that will be occupied by households of limited income as provided in this subsection; and        (2)    a portion of the rental units in the project are set aside for households of lower income for the greater of:            (i)    15 years; or            (ii)    the number of years required by federal law.    (b)    The minimum number of rental units set aside under subsection (a)(2) of this section shall be the greater of:        (1)    the number that bears the same ratio to the whole number of rental units in the project as the amount of the Program loan bears to the whole financing of the undertaking; or        (2)    the number of rental units chosen by the sponsor to satisfy federal occupancy requirements, if the project receives federal low–income housing tax credits or is financed in part with government–issued, federally tax–exempt revenue bonds.    (c)    Rental units restricted for occupancy to meet other federal, State, or local occupancy requirements may be counted toward the minimum number required under this section.    (d)    A rental unit that continues to meet applicable federal occupancy restrictions under subsection (b)(2) of this section shall be deemed to continue to meet the applicable restrictions for purposes of this subtitle.    (e)    A project qualifies as a rental housing project under this subtitle and is not subject to the income restrictions specified in this section if it will:        (1)    effect an office or other commercial space conversion into market rate rental housing; and        (2)    provide substantial economic development to a sustainable community as defined in § 6–301 of this article.
MD. Housing and Community Development Code Ann. §  4-408 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 4 - Rental Housing Program|Section 4-408 - Review of Application for Program Loans

    (a)    The Department shall review applications for loans submitted by private or nonprofit sponsors, political subdivisions, or local housing authorities established under Division II of this article on behalf of sponsors of proposed rental housing projects.    (b)    In reviewing an application for a Program loan under this subtitle, the Department shall consider:        (1)    the extent to which households of limited income will be assisted by the proposed project;        (2)    the number and percentage of households of limited income currently living in the community where the project is proposed;        (3)    the quantity, condition, and affordability of residential property in the community where the project is proposed;        (4)    the economic feasibility of the proposed project;        (5)    the degree of local government incentive and support provided to the proposed project, including contribution of land, abatement of taxes or fees, direct or indirect rental subsidies, and grants; and        (6)    any other relevant factors.
MD. Housing and Community Development Code Ann. §  4-409 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 4 - Rental Housing Program|Section 4-409 - Program Loans

    (a)    Money in the Fund may be used to make loans to an approved applicant to:        (1)    acquire, construct, or rehabilitate a rental housing project;        (2)    convert an existing building or buildings to a rental housing project; or        (3)    provide operating assistance to reduce the operating costs of a project by depositing the proceeds of the Program loan in an interest bearing account that is under the control of the Department and is used to pay the operating costs, including the principal and interest when due, on any prior mortgage loan securing the project.    (b)    A Program loan may:        (1)    be secured by a mortgage lien;        (2)    be subordinate to other financing;        (3)    have an interest rate as low as zero percent;        (4)    be payable out of surplus cash;        (5)    be a deferred payment loan;        (6)    provide for an equity participation by the Department or contingent interest payable out of surplus cash or net equity; or        (7)    have any other terms the Department may require.    (c)    To facilitate repayment of the Program loan and achieve the purposes of the Program, the Department may modify:        (1)    the interest rate;        (2)    the time or amount of payment; or        (3)    any other term of the Program loan.
MD. Housing and Community Development Code Ann. §  4-410 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 4 - Rental Housing Program|Section 4-410 - Program Loans Secured by Mortgage

    (a)    If a Program loan is secured by a mortgage, the Department may:        (1)    enforce the mortgage;        (2)    foreclose on the mortgage and take title to the mortgaged property or take deed in lieu of foreclosure;        (3)    convey title to a purchaser;        (4)    obtain and enforce a deficiency judgment;        (5)    allow assumption of the mortgage; and        (6)    contract with a private mortgage servicer to perform on behalf of the Department any functions a servicer ordinarily performs.    (b)    Without approval or execution by the Board of Public Works, the Department may:        (1)    assign a mortgage for value; or        (2)    convey property after acquisition.
MD. Housing and Community Development Code Ann. §  4-411 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 4 - Rental Housing Program|Section 4-411 - Making False Statements or Reports; Penalty

    (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 under an agreement relating to a Program loan.        (2)    A loan applicant may not knowingly make or cause a false statement or report to be made to influence the action of the Department on a Program loan application or to influence action of the Department affecting a Program loan already made.    (b)    A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 5 years or a fine not exceeding $50,000 or both.
MD. Housing and Community Development Code Ann. §  4-501 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 5 - Funds|Section 4-501 - In General

    (a)    (1)    Each fund established under this subtitle is a continuing, nonlapsing special fund that is not subject to § 7-302 of the State Finance and Procurement Article.        (2)    The State Treasurer shall hold and the Comptroller shall account for each fund established under this subtitle.    (b)    Money in a fund established under this subtitle shall be invested in the same way as other State money.    (c)    (1)    In the State budget, the State may appropriate to the Rental Housing Programs Fund and the Special Loan Programs Fund all or part of the money received as repayment of principal or payment of interest on a loan made by the Maryland Housing Rehabilitation Program.        (2)    The appropriation may be increased by budget amendment.        (3)    The amount of repayments appropriated to make loans under the Maryland Housing Rehabilitation Program may not exceed $12,000,000 annually.        (4)    The State may not appropriate repayment of principal and payment of interest to the Maryland Housing Rehabilitation Program to the extent that loans expected to be made with the money appropriated would cause the principal amount of loans outstanding to exceed $100,000,000.
MD. Housing and Community Development Code Ann. §  4-501.1 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 5 - Funds|Section 4-501.1 - Use of Minority Business Enterprises for Brokerage and Investment Management Services

    (a)    The Department shall attempt to use to the greatest extent feasible minority business enterprises to provide brokerage and investment management services to the Department for the funds established under this subtitle consistent with minority business purchasing standards applicable to units of State government under the State Finance and Procurement Article and consistent with the fiduciary duties of the Department.    (b)    For purposes of this section, brokerage and investment management services shall include services relating to all allocated asset classes.    (c)    (1)    To assist the Department in achieving the goal described under subsection (a) of this section, the Department shall undertake measures to remove any barriers that limit full participation by minority business enterprises in brokerage and investment management services opportunities afforded by the Department for the funds established under this subtitle.        (2)    The measures undertaken by the Department shall include the use of a wide variety of media, including the Department’s website, to provide notice to a broad and varied range of potential providers about the brokerage and investment management services opportunities afforded by the Department for the funds established under this subtitle.    (d)    In conjunction with the Governor’s Office of Small, Minority, and Women Business Affairs, the Department shall develop guidelines to assist it in identifying and evaluating qualified minority business enterprises in order to help the Department achieve the objective for greater use of minority business enterprises for brokerage and investment management services for the funds established under this subtitle.    (e)    On or before September 1 each year, the Department shall submit a report to the Governor’s Office of Small, Minority, and Women Business Affairs and, subject to § 2–1257 of the State Government Article, the General Assembly on:        (1)    the identity of the minority business enterprise brokerage and investment management services firms used by the Department in the immediately preceding fiscal year;        (2)    the percentage and dollar value of the assets in the funds established under this subtitle that are under the investment control of minority business enterprise brokerage and investment management services firms in each allocated asset class; and        (3)    the measures the Department undertook in the immediately preceding fiscal year in accordance with subsection (c)(2) of this section.
MD. Housing and Community Development Code Ann. §  4-502 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 5 - Funds|Section 4-502 - Homeownership Programs Fund

    (a)    In this section, “Fund” means the Homeownership Programs Fund.    (b)    There is a Homeownership Programs Fund.    (c)    As provided in the State budget, the Department shall use the Fund to:        (1)    pay expenses of the Maryland Home Financing Program, including reserves for anticipated future losses directly related to the Maryland Home Financing Program;        (2)    make loans under the Maryland Home Financing Program; and        (3)    make loans and pay expenses of the Down Payment and Settlement Expense Loan Program.    (d)    The Fund consists of:        (1)    money appropriated by the State for homeownership programs, including the Maryland Home Financing Program under Subtitle 8 of this title and the Down Payment and Settlement Expense Loan Program under Subtitle 3 of this title;        (2)    money from the sale of the State’s general obligation bonds;        (3)    repayments or prepayments of principal and payments of interest on loans made under the Maryland Home Financing Program, the Homeowners’ Emergency Mortgage Assistance Program, the Reverse Equity Program, or the Down Payment and Settlement Expense Loan Program, formerly the Settlement Expense Loan Program;        (4)    money transferred to the Fund in accordance with §§ 4–503(d), 4–504(f), and 4–505(h) of this subtitle and §§ 3–203(i) and 6–310(g) of this article; and        (5)    investment earnings of the Fund.    (e)    Subject to § 7–209 of the State Finance and Procurement Article and except as otherwise provided in the State budget, after the first 8 months of a fiscal year, the Department may transfer unencumbered money in the Fund to any other fund established under this title.    (f)    Money received as repayment of principal or payment of interest on a loan made under the Maryland Home Financing Program that is not appropriated in the State budget may be credited to the Annuity Bond Fund and used to pay the principal of or interest on money borrowed by the State and appropriated to the Maryland Home Financing Program.
MD. Housing and Community Development Code Ann. §  4-503 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 5 - Funds|Section 4-503 - Partnership Rental Housing Fund

    (a)    In this section, “Fund” means the Partnership Rental Housing Fund.    (b)    There is a Partnership Rental Housing Fund.    (c)    The Fund consists of:        (1)    money appropriated by the State to the Partnership Rental Housing Program;        (2)    money made available to the Partnership Rental Housing Program from the sale of general obligation or other bonds including the proceeds of the sale of bonds authorized by Chapter 625 of the Acts of the General Assembly of 1988 and Chapter 97 of the Acts of the General Assembly of 1989;        (3)    investment earnings of the Fund; and        (4)    repayment of loans from the Fund except to the extent any State or federal law governing the proceeds of bonds prohibits the recycling of money.    (d)    Subject to the approval of the Legislative Policy Committee and § 7–209 of the State Finance and Procurement Article, after the first 8 months of a fiscal year, the Department may transfer unencumbered money in the Fund among the Partnership Rental Housing Fund, the Rental Housing Programs Fund, the Homeownership Programs Fund, and the Special Loan Programs Fund, if the Secretary determines that demand is:        (1)    less than anticipated for the fund from which money is being transferred; and        (2)    greater than anticipated for the fund to which money is being transferred.
MD. Housing and Community Development Code Ann. §  4-504 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 5 - Funds|Section 4-504 - Rental Housing Fund

    (a)    In this section, “Fund” means the Rental Housing Fund.    (b)    There is a Rental Housing Fund.    (c)    The Department shall use the Fund to operate, make loans, and pay expenses of the Rental Housing Program, including reserves for anticipated future losses directly related to the Rental Housing Program, as provided in the State budget.    (d)    The Department shall administer the Fund either directly or through the Administration.    (e)    The Fund consists of:        (1)    money appropriated by the State for the Rental Housing Program under § 4–402 of this title;        (2)    repayments and prepayments of loans made under the Rental Housing Program and from loan programs under this title that have been repealed;        (3)    money appropriated under § 4–501(c) of this subtitle;        (4)    money transferred to the Fund in accordance with §§ 4–502(e), 4–503(d), and 4–505(h) of this subtitle and § 3–203(i) of this article;        (5)    funds received by the Department or the Administration from the federal government or other public or private sources; and        (6)    investment earnings of the Fund.    (f)    (1)    When the Department issues a binding commitment to make a loan, the Department shall withdraw from the Fund an amount equal to the commitment.        (2)    Subject to § 7–209 of the State Finance and Procurement Article and except as otherwise provided in the State budget, after the first 8 months of a fiscal year the Department may transfer unencumbered money in the Fund to any other fund established under this title.
MD. Housing and Community Development Code Ann. §  4-506 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 5 - Funds|Section 4-506 - Workforce Housing Fund

    (a)    In this section, “Fund” means the Workforce Housing Fund.    (b)    There is a Workforce Housing Fund.    (c)    As provided in the State budget, the Department shall use the Fund to operate and provide funds under the Workforce Housing Grant Program.    (d)    The Fund consists of:        (1)    money appropriated by the State;        (2)    repayments of principal and payments of interest on loans made under the Workforce Housing Grant Program;        (3)    amounts paid in connection with transfers of homeownership workforce housing units;        (4)    money transferred to the Fund in accordance with this subtitle; and        (5)    investment earnings of the Fund.
MD. Housing and Community Development Code Ann. §  4-507 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 5 - Funds|Section 4-507 - Housing Counseling and Foreclosure Mediation Fund

    (a)    In this section, “Fund” means the Housing Counseling and Foreclosure Mediation Fund.    (b)    There is a Housing Counseling and Foreclosure Mediation Fund.    (c)    The purposes of the Fund are to:        (1)    support nonprofit and government housing counselors and other nonprofit entities with providing:            (i)    legal assistance to homeowners or occupants who are trying to avoid foreclosure or manage foreclosure proceedings; and            (ii)    homebuyer education, housing advice, or financial counseling for homeowners, prospective homeowners, and low– and moderate–income households;        (2)    support the establishment and operation of nonprofit housing counseling entities;        (3)    support efforts by the Department and the Maryland Department of Labor to:            (i)    contact and provide advice and assistance to homeowners or occupants facing financial difficulty or foreclosure; and            (ii)    provide advice and assistance to prospective homeowners; and        (4)    assist in funding the costs of foreclosure mediations provided by the Office of Administrative Hearings under § 7–105.1 of the Real Property Article.    (d)    The Department shall administer the Fund.    (e)    (1)    The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.        (2)    The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.    (f)    The Fund consists of:        (1)    revenue distributed to the Fund under § 7–105.1 of the Real Property Article;        (2)    investment earnings of the Fund;        (3)    money appropriated in the State budget to the Fund; and        (4)    any other money from any other source accepted for the benefit of the Fund.    (g)    The Fund may be used only for the purposes described in subsection (c) of this section.    (h)    (1)    The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.        (2)    Any investment earnings of the Fund shall be paid into the Fund.    (i)    Expenditures from the Fund may be made only in accordance with the State budget.
MD. Housing and Community Development Code Ann. §  4-511 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 5 - Funds|Section 4-511 - Continuing the Core Partnership Fund

    // EFFECTIVE UNTIL JUNE 30, 2024 PER CHAPTERS 639 AND 640 OF 2018 //    (a)    In this section, “Fund” means the Continuing the CORE Partnership Fund.    (b)    There is a Continuing the CORE Partnership Fund.    (c)    The purpose of the Fund is to assist the Department, in conjunction with the Maryland Stadium Authority and Baltimore City, in expeditiously removing blighted property within Baltimore City.    (d)    The Secretary shall administer the Fund.    (e)    (1)    The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.        (2)    The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.    (f)    The Fund consists of:        (1)    revenue distributed to the Fund under subsection (j) of this section;        (2)    money appropriated in the State budget to the Fund; and        (3)    any other money from any other source accepted for the benefit of the Fund.    (g)    The Fund may be used for:        (1)    the purpose outlined in subsection (c) of this section; and        (2)    administrative expenses.    (h)    (1)    The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.        (2)    Any interest earnings of the Fund shall be credited to the General Fund of the State.    (i)    Expenditures from the Fund may be made only in accordance with the State budget.    (j)    (1)    For fiscal year 2020, the Governor may include in the annual budget bill an appropriation of $30,000,000 to the Fund.        (2)    For fiscal years 2021 through 2024, the Governor may include in the annual budget bill an appropriation of $25,000,000 to the Fund.