reglab/housing_qa huggingface dataset:
MD. Housing and Community Development Code Ann. §  3-204 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 3 - Division of Credit Assurance|Subtitle 2 - Maryland Housing Fund|Section 3-204 - Insurance, Guarantees, and Other Credit Enhancements

    Insurance, a guarantee, or other credit enhancement provided under this subtitle:         (1)    does not pledge the faith, credit, or taxing power of the State or the Department; and        (2)    is payable only to the extent of the reserve or other identified money backing the insurance, guarantee, or credit enhancement.
MD. Housing and Community Development Code Ann. §  3-205 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 3 - Division of Credit Assurance|Subtitle 2 - Maryland Housing Fund|Section 3-205 - Powers of Department

    (a)    In this section, “development costs” has the meaning stated in § 4-201 of this article.    (b)    The Department, in its own name or in the name of the Fund:        (1)    may insure or guarantee on terms that it specifies a mortgage or pool of mortgages offered or bonds or notes issued that are eligible for insurance under § 3-202 of this subtitle;        (2)    may insure a total of not more than $30,000,000 of bridge loans that are:            (i)    made for part of the development costs of rental housing projects that are awarded federal low income housing tax credits; and            (ii)    secured by personal rather than real property;        (3)    may provide other forms of credit enhancement on terms that it specifies for qualified lenders and borrowers who otherwise cannot get credit enhancement in the private market;        (4)    may issue obligations in any form backed by a pool of mortgages, including:            (i)    securities;            (ii)    certificates of participation;            (iii)    grantor trusts;            (iv)    collateralized mortgage obligations; and            (v)    pass-through certificates;        (5)    notwithstanding Titles 10 through 17 of the State Finance and Procurement Article, after a default under an obligation that is insured or otherwise backed by a credit enhancement under this subtitle, may acquire, hold, improve, operate pending sale or other disposition, sell, assign, exchange, transfer, convey, lease, mortgage, or otherwise dispose of or encumber:            (i)    real property or an interest in real property;            (ii)    personal property or an interest in personal property; or            (iii)    evidence of indebtedness, including:                1.    pass-through certificates;                2.    residual interests; and                3.    other securities backed by real estate or a mortgage; and        (6)    in connection with a property, whether or not insured by the Fund, acquired by the Department or the Fund through foreclosure, through deed in lieu of foreclosure, or in settlement for a claim for loss:            (i)    may contract with a private party for services to secure, maintain, operate, or improve the property in anticipation of disposition of the property, without requiring that the contract comply with Division II of the State Finance and Procurement Article; or            (ii)    may make a mortgage loan to assist in the disposition of the property.
MD. Housing and Community Development Code Ann. §  3-206 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 3 - Division of Credit Assurance|Subtitle 2 - Maryland Housing Fund|Section 3-206 - Eligibility Standards for Insurance and Credit Enhancements

    (a)    In offering insurance and other forms of credit enhancement, the Department shall adopt eligibility standards that are reasonable to aid in:        (1)    financing the purchase, construction, or rehabilitation of:            (i)    housing projects;            (ii)    special housing facility projects, consisting of the acquisition, rehabilitation, improvement, renovation, construction, financing, or refinancing of a building that:                1.    provides common, shared, or independent living, dining, kitchen, sanitary, and sleeping facilities;                2.    may include supportive services or supervisory live–in personnel for individuals with specialized housing needs; and                3.    may include nonresidential facilities to serve individuals with special needs who may or may not be residents of the special housing facility;            (iii)    rehabilitation projects, as defined in § 4–901 of this article;            (iv)    energy conservation projects;            (v)    solar energy projects;            (vi)    public purpose projects;            (vii)    infrastructure projects; or            (viii)    business projects; and        (2)    the sale or other transfer of an obligation that is:            (i)    denoted as a bond, note, collateralized obligation, grantor trust, conduit, or other form of security or obligation; and            (ii)    backed directly or indirectly by a mortgage or a payment derived from a mortgage.    (b)    The standards adopted under subsection (a) of this section shall ensure that a lender benefiting from insurance or other credit enhancement provided by the Department is responsible and able to service the loan.    (c)    A determination by the Secretary is conclusive if it relates to the eligibility of a project, facility, or undertaking for:        (1)    insurance or other credit enhancement; or        (2)    other action taken by the Department, in its own name or in the name of the Fund, under this subtitle.
MD. Housing and Community Development Code Ann. §  3-207 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 3 - Division of Credit Assurance|Subtitle 2 - Maryland Housing Fund|Section 3-207 - Regulations and Reports

    (a)    The Department shall adopt regulations that are necessary to carry out the purpose of this subtitle.    (b)    (1)    Annually, on or before December 1, the Department shall make a written report to the Governor and, subject to § 2-1257 of the State Government Article, to the General Assembly on the financial status of the Fund and its operations for the preceding fiscal year.        (2)    The report shall include the types and amount of:            (i)    insurance reserves;            (ii)    insurance issued;            (iii)    premiums charged; and            (iv)    claims made.
MD. Housing and Community Development Code Ann. §  3-208 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 3 - Division of Credit Assurance|Subtitle 2 - Maryland Housing Fund|Section 3-208 - Construction of Subtitle

    This subtitle shall be liberally construed to carry out the findings set forth in § 3-202 of this subtitle.
MD. Housing and Community Development Code Ann. §  4-101 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 1 - Division Established; Units in Division|Section 4-101 - Definitions

    (a)    In this title the following words have the meanings indicated.    (b)    “Administration” means the Community Development Administration.    (c)    “Division” means the Division of Development Finance.    (d)    “Elderly household” means one or more individuals who occupy a residential dwelling unit, at least one of whom meets the age limit specified by the Secretary that:        (1)    is greater than or equal to age 55; and        (2)    may vary for different programs or types of projects.    (e)    “Nonprofit sponsor” means a sponsor that is:        (1)    a nonprofit organization; or        (2)    a limited partnership, if:            (i)    1.    each general partner is a nonprofit organization; or                2.    each general partner is a wholly owned subsidiary of a nonprofit organization;            (ii)    the limited partnership is formed to undertake a project that is eligible as a whole or in part for a federal program or incentive, including low–income housing tax credits; and            (iii)    a nonprofit organization manages the project or will receive the net cash flow or residual sale proceeds on the sale of the project.
MD. Housing and Community Development Code Ann. §  4-102 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 1 - Division Established; Units in Division|Section 4-102 - Established

    There is a Division of Development Finance.
MD. Housing and Community Development Code Ann. §  4-103 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 1 - Division Established; Units in Division|Section 4-103 - Units in Division

    The Division includes:        (1)    the Community Development Administration;        (2)    the Disaster Relief Housing Program;        (3)    the Down Payment and Settlement Expense Loan Program;        (4)    federal and State weatherization programs;        (5)    the Group Home Financing Program;        (6)    the Lead Hazard Reduction Grant Program;        (7)    the Lead Hazard Reduction Loan Program;        (8)    the local government infrastructure program;        (9)    the Maryland Home Financing Program;        (10)    the Maryland Housing Rehabilitation Program;        (11)    the Neighborhood Housing Services Fund;        (12)    the Operating Assistance Grants Demonstration Projects;        (13)    the Partnership Rental Housing Program;        (14)    the Radium Grant Program;        (15)    the Rental Allowance Program and other rental assistance programs;        (16)    the Rental Housing Program; and        (17)    the Self–Help Homeownership Technical Assistance Program.
MD. Housing and Community Development Code Ann. §  4-301 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 3 - Down Payment and Settlement Expense Loan Program|Section 4-301 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Eligible homebuyer” means an individual who meets the qualifications under § 4-305 of this subtitle.    (c)    “Fund” means the Homeownership Programs Fund.    (d)    (1)    “Homebuyer education” means instruction in preparing for homeownership, shopping for a home, getting a mortgage loan, loan closing, and life as a homeowner.        (2)    “Homebuyer education” includes housing counseling.    (e)    “Program” means the Down Payment and Settlement Expense Loan Program.    (f)    “Program loan” means a loan that the Department makes under this subtitle.    (g)    (1)    “Settlement expenses” means money that must be paid at the time of the purchase of real estate.        (2)    “Settlement expenses” includes:            (i)    fees and premiums for title examination, title insurance, and similar expenses;            (ii)    fees for preparing deeds, settlement statements, and other documents;            (iii)    payments owed at settlement for property taxes and hazard insurance coverage;            (iv)    escrows for future payments of taxes and hazard insurance;            (v)    fees for notarizing deeds and other documents;            (vi)    appraisal fees;            (vii)    fees for credit reports;            (viii)    transfer and recordation taxes and fees;            (ix)    fees and premiums for mortgage insurance; and            (x)    loan discount points and origination fees.
MD. Housing and Community Development Code Ann. §  4-302 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 3 - Down Payment and Settlement Expense Loan Program|Section 4-302 - Established

    There is a Down Payment and Settlement Expense Loan Program.
MD. Housing and Community Development Code Ann. §  4-303 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 3 - Down Payment and Settlement Expense Loan Program|Section 4-303 - Purpose of Program

    The purpose of the Program is to provide financing for down payment and settlement expenses to enable eligible homebuyers to purchase homes.
MD. Housing and Community Development Code Ann. §  4-304 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 3 - Down Payment and Settlement Expense Loan Program|Section 4-304 - Powers and Duties of the Department

    (a)    The Department may:        (1)    charge an application fee or other fee to a Program loan applicant or lender;        (2)    purchase or make commitments to purchase Program loans made by mortgage lenders;        (3)    make contracts with third parties to make or service mortgage Program loans made for the Department;        (4)    acquire any property that secures a Program loan under this subtitle by gift, purchase, foreclosure, or otherwise, and sell or otherwise dispose of the property or an interest in the property;        (5)    delegate to a political subdivision any administrative or operational element of the Program not assigned to the Department under subsection (b) of this section;        (6)    take any other action necessary or convenient to operate the Program; and        (7)    require a political subdivision that administers its own down payment and settlement expense loan program to inform the Department of the political subdivision’s homebuyer education requirements.    (b)    The Department shall:        (1)    administer the Program;        (2)    attach to a Program loan the terms needed to carry out the Program;        (3)    establish eligibility standards for Program loans, considering State, regional, and county housing costs, median incomes, and household sizes;        (4)    establish guidelines to determine what parts of the down payment and settlement expenses may be covered by the Program loan; and        (5)    adopt regulations to carry out the Program.    (c)    The sale or purchase of property that the Department acquires or disposes of under this section need not be approved or executed by the Board of Public Works or the Department of General Services.
MD. Housing and Community Development Code Ann. §  4-305 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 3 - Down Payment and Settlement Expense Loan Program|Section 4-305 - Eligible Homebuyer

    An individual qualifies as an eligible homebuyer if the individual:         (1)    will purchase and occupy a single-unit principal residence and has household income not exceeding upper limits that the Secretary establishes; or        (2)    will purchase and occupy a residential building with no more than four units and agrees to rent all units other than the owner’s unit to households with income not exceeding upper limits that the Secretary establishes.
MD. Housing and Community Development Code Ann. §  4-306 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 3 - Down Payment and Settlement Expense Loan Program|Section 4-306 - Operation of Program

    The Program shall be operated with money in the Fund.
MD. Housing and Community Development Code Ann. §  4-307 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 3 - Down Payment and Settlement Expense Loan Program|Section 4-307 - Program Loans

    (a)    Proceeds of a Program loan shall be used only to make a down payment or pay settlement expenses for an eligible homebuyer to purchase a personal residence.    (b)    A Program loan shall be secured by a mortgage lien that:        (1)    may be subordinate to other mortgage liens; and        (2)    may include terms, including deferred payment of principal and interest, that the Department considers necessary to make housing purchases affordable to eligible homebuyers.    (c)    In reviewing an application for a Program loan, the Department shall:        (1)    consider the eligible homebuyer’s financial resources, including savings available to make a down payment or pay settlement expenses, in relation to:            (i)    the purchase price of the home; and            (ii)    the down payment requirements of the lender; and        (2)    give high priority to eligible homebuyers of low income within the income limits established under § 4-304(b)(3) of this subtitle.    (d)    Notwithstanding any other law, the Department may require that Program loans become due and payable on the later sale or transfer of the property, but the Department may allow an eligible homebuyer who purchases the property to assume the Program loan.    (e)    If a borrower defaults, the Department may modify the interest rate, the time or amount of payment, or any other term of a Program loan to facilitate repayment of the Program loan and to achieve the purpose of the Program.
MD. Housing and Community Development Code Ann. §  4-308 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 3 - Down Payment and Settlement Expense Loan Program|Section 4-308 - Homebuyer Education

    (a)    Subject to subsection (b) of this section, a recipient of a Program loan shall complete homebuyer education that meets the requirements of the Department.    (b)    The Department’s homebuyer education requirements shall:        (1)    allow a Program loan recipient to use the online homebuyer education for a HUD–approved product and contact a HUD–approved counseling agency to receive a certificate; and        (2)    enable one political subdivision’s certificate to be used in another political subdivision.    (c)    This subtitle does not alter or preempt the authority of a political subdivision to establish homebuyer education or counseling requirements for a down payment assistance program operated by the political subdivision.
MD. Housing and Community Development Code Ann. §  4-309 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 3 - Down Payment and Settlement Expense Loan Program|Section 4-309 - 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 under an agreement relating to a Program loan.        (2)    A loan applicant may not knowingly make or cause to be made any false statement or report to influence an action of the Department on a Program loan application or 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. §  4-401 (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 4-401 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Fund” means the Rental Housing Fund established under § 4–504 of this title.    (c)    “Household of limited income” means one or more individuals who occupy the same residential dwelling unit and whose total household income does not exceed the upper income limits established by the Secretary for the Program under § 4–404 of this subtitle.    (d)    “Office or other commercial space conversion” means the conversion to rental housing of a building that:        (1)    is in a sustainable community as defined in § 6–301 of this article;        (2)    was built more than 30 years before an application is submitted to the Department to finance the conversion;        (3)    consists of at least two floors at or above ground level; and        (4)    was last used as office or other commercial space.    (e)    “Program” means the Rental Housing Program.    (f)    “Rental housing project” means a project eligible for financial assistance under § 4–407 of this subtitle.
MD. Housing and Community Development Code Ann. §  4-402 (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 4-402 - Program Established

    There is a Rental Housing Program.
MD. Housing and Community Development Code Ann. §  4-403 (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 4-403 - Purposes

    The purposes of the Program are to:        (1)    stimulate the production and preservation of rental housing;        (2)    increase and improve the supply of decent, safe, and sanitary rental housing at costs that are affordable to households of limited income;        (3)    use available resources efficiently to serve the households that are in need of quality affordable housing opportunities, including families, the elderly, and persons with disabilities or special needs;        (4)    support economic growth and activity by financing, in whole or in part, the construction or substantial rehabilitation of rental housing projects; and        (5)    revitalize sustainable communities, as defined in § 6–301 of this article, through office or other commercial space conversion.
MD. Housing and Community Development Code Ann. §  4-404 (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 4-404 - Duties of Department and Secretary

    (a)    The Department shall:        (1)    administer the Program;        (2)    adopt policies to ensure that rental housing is made available to households of limited income;        (3)    develop procedures to ensure that the projects receiving financial assistance from the Program are in compliance with applicable occupancy restrictions;        (4)    use federal and State programs to help carry out the Program; and        (5)    encourage the assistance or participation of local political subdivisions.    (b)    The Secretary shall set income guidelines by considering:        (1)    the median income for the area;        (2)    the minimum income needed to afford available standard rental units in the area;        (3)    federal income guidelines, including the requirements of the Federal Low–Income Housing Tax Credit Program; and        (4)    any other relevant factor.    (c)    In administering the Program under this subtitle, the Department may act either directly or through the Administration.    (d)    The Department shall provide written notice and a reasonable opportunity to comment to the chief executive officer or the equivalent officer and the head or president of the legislative body of the political subdivision in which a proposed project is located.    (e)    If the proposed project is located in a municipal corporation, the notice required under subsection (d) of this section shall be sent to the chief executive officer and head or president of the municipal corporation and not to the county.