reglab/statecodes huggingface dataset:
2023 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 4-710 - Factors in Reviewing Applications

In reviewing an application for a loan or grant, the Department shall consider:
(1)    the needs of the beneficiaries of the proposed lead hazard reduction activity;
(2)    the capacity of the applicant to repay a loan;
(3)    the overall public benefit;
(4)    the impact on the surrounding neighborhood or community; and
(5)    any other factor that the Department finds relevant.
2023 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 4-711 - Lead Hazard Advisory Committee

(a)    In this section, “Committee” means the Lead Hazard Advisory Committee.
(b)    There is a Lead Hazard Advisory Committee.
(c)    The Committee consists of the following seven members:
(1)    the Secretary of Housing and Community Development, or the Secretary’s designee;
(2)    the Secretary of the Environment, or the Secretary’s designee;
(3)    the Secretary of Health, or the Secretary’s designee; and
(4)    four members appointed by the Governor:
(i)    a member of the Lead Poisoning Prevention Commission;
(ii)    a representative of owners of residential rental property built before 1950;
(iii)    a representative of a child, youth, or health advocacy group; and
(iv)    a member of the public who has an interest in lead in the environment.
(d)    (1)    The term of an appointed member of the Committee is 4 years.
(2)    The terms of the appointed members are staggered as required by the terms provided for members of the Committee on October 1, 2005.
(3)    At the end of a term, an appointed member continues to serve until a successor is appointed and qualifies.
(4)    An appointed member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.
(e)    The Secretary or the Secretary’s designee is the chair of the Committee.
(f)    Each member of the Committee is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
(g)    In consultation with the Committee, the Department shall develop regulations, policies, and guidelines to carry out the Grant Program and the Loan Program.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-902 - Scope of Subtitle

(a)    This subtitle applies to buildings that, after rehabilitation, provide:
(1)    traditional dwellings;
(2)    single room occupancy;
(3)    shared living dwellings in which two or more households can live and share some or all of the living, dining, kitchen, or sanitary facilities; or
(4)    congregate or group housing and related services or temporary shelters and related services that serve:
(i)    individuals with disabilities or low-income, elderly households, homeless, or other disadvantaged individuals; or
(ii)    the nonresidential commercial, business, or social needs of the community where the building is located, so as to enhance the economic feasibility of housing rehabilitation in that community.
(b)    This subtitle does not apply to a building that provides group housing unless the group housing is provided by an owner-occupant or a nonprofit sponsor.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-903 - Findings

The General Assembly finds that:
(1)    (i)    many residents of the State live in dwellings that do not conform to building, health, safety, fire, occupancy, or other codes and standards applicable to housing;
(ii)    many communities or political subdivisions in the State do not have a minimum livability code; and
(iii)    these conditions impede the development and maintenance of healthy, safe, and viable communities;
(2)    private sector financing is often unavailable for rehabilitation because:
(i)    owner–occupants of housing in need of rehabilitation often have low incomes; and
(ii)    nonoccupant owners often incur high risks in owning and managing the housing;
(3)    rehabilitating suitable housing:
(i)    increases the economic life of the housing;
(ii)    is often more economical and less disruptive than replacing the housing and relocating its occupants;
(iii)    can better promote community development when it is done through organized housing rehabilitation programs;
(iv)    is essential for sound community development; and
(v)    can be helped by rehabilitating commercial buildings serving communities where housing rehabilitation is desirable;
(4)    it is a proper public purpose for which public money may be spent and property acquired to:
(i)    rehabilitate housing;
(ii)    develop healthful, safe, and viable communities;
(iii)    rehabilitate commercial buildings to help rehabilitate and develop housing; and
(iv)    provide healthful and safe housing for migratory workers to maintain and expand the agricultural activities that are dependent on the labor of these workers; and
(5)    it is a proper public purpose for which public money may be spent to:
(i)    improve, modify, and add to housing to increase the supply of special housing for special populations, such as elderly households, individuals with disabilities, and other disadvantaged residents of the State;
(ii)    prevent lead poisoning by modifying older housing to provide a lead–safe environment, as lead paint in older housing is a major source of lead poisoning in children;
(iii)    provide adequate indoor plumbing, water supply, and sewage disposal systems for dwellings; and
(iv)    reduce or eliminate radon and asbestos, which are major detriments to the health and safety of residents, on a pilot program basis.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-905 - Units in Program

The Maryland Housing Rehabilitation Program includes:
(1)    the Accessory, Shared, and Sheltered Housing Program;
(2)    the Indoor Plumbing Program;
(3)    the Migratory Worker Housing Program;
(4)    the Radon and Asbestos Abatement Pilot Program; and
(5)    the Accessible Homes for Senior Homeowners Grant Program.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-906 - Operation of Program; Types of Program Loans

(a)    (1)    The Department shall operate the Program and make Program loans.
(2)    As much as possible, the Program shall be administered:
(i)    in conjunction with federal programs assisting rehabilitation of housing, to ensure maximum use of available federal money; and
(ii)    consistently with locally approved plans or programs of concentrated neighborhood revitalization.
(b)    (1)    Except for Program loans made under a special loan program, the Regular Rehabilitation Program consists of Program loans to rehabilitate residential buildings providing four or fewer dwellings.
(2)    The Special Rehabilitation Program consists of Program loans made under a special loan program.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-907 - Money for Operations; Reallocations

(a)    The Regular Rehabilitation Program and the Special Rehabilitation Program shall operate with money in the Special Loan Programs Fund and other money available to the Department for these programs.
(b)    If the applications that qualify for a Program loan under the Regular Rehabilitation Program or a special loan program do not commit all money appropriated to that loan program within 6 months after the appropriation, the Department may reallocate the remaining appropriated money to any other program financed by the Special Loan Programs Fund.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-908 - Powers of Department -- Program Loans in General

The Department may:
(1)    limit the return on equity allowed to, or enter into equity participation agreements with, sponsors and nonprofit sponsors;
(2)    require and obtain appraisals, credit and title information, and other information related to making Program loans;
(3)    contract for services relating to any aspect of the operation of the Program under the procedures required by law for State contracts;
(4)    charge and collect:
(i)    reasonable application and processing fees; and
(ii)    other charges, fees, or reimbursements incidental to Program loans; and
(5)    if necessary, limit the cumulative outstanding debt for Program loans made to a trust described in 42 U.S.C. § 1396p(d)(4) to preserve the ongoing financial viability of the Program.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-909 - Powers of Department -- Program Loans Secured by Mortgages

(a)    If Program loans are secured by first or junior mortgages, the Department may:
(1)    enforce the mortgages;
(2)    foreclose on the mortgages and take title to the mortgaged properties, or take deeds in lieu of foreclosure;
(3)    convey title to purchasers;
(4)    obtain and enforce deficiency judgments;
(5)    allow assumption of mortgages; and
(6)    contract with private mortgage servicers to perform on behalf of the Department any functions the servicers ordinarily perform.
(b)    Without approval or execution by the Board of Public Works, the Department may:
(1)    assign mortgages for value;
(2)    release mortgages when paid;
(3)    foreclose on mortgages;
(4)    take deeds in lieu of foreclosure; or
(5)    convey property after acquisition.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-909.1 - Powers of Department -- Program Loans Secured by Cooperative Interest

(a)    If a Program loan to a member of a cooperative housing corporation is secured by a security interest in the member’s cooperative interest, the Department may:
(1)    foreclose on the security interest or otherwise enforce the security interest as permitted under Title 9 of the Commercial Law Article;
(2)    take possession of the premises in lieu of foreclosure;
(3)    obtain and enforce deficiency judgments;
(4)    transfer the cooperative interest;
(5)    allow assumption of the security agreement; and
(6)    contract with private loan servicers to perform on behalf of the Department any functions the private loan servicers ordinarily perform.
(b)    Without approval or execution by the Board of Public Works, the Department may:
(1)    assign a security interest for value;
(2)    release a security interest when paid;
(3)    foreclose on a security interest;
(4)    take possession of the premises in lieu of foreclosure; or
(5)    transfer a cooperative interest after acquisition.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-911 - Allocation of Money for Program Loans Under Regular Rehabilitation Program

(a)    To ensure that all areas of the State are served, the Department shall allocate at least annually among the counties the money appropriated for making Program loans under the Regular Rehabilitation Program.
(b)    When allocating money to a county, the Department shall consider:
(1)    the number of families of limited income in the county;
(2)    the need to rehabilitate buildings in the county;
(3)    the capability of the county to administer a local rehabilitation program; and
(4)    other standards that the Department considers relevant to ensure fair and equitable distribution of money among counties.
(c)    The Department may:
(1)    allocate on a countywide basis first and then make suballocations among participating municipal corporations within counties;
(2)    allocate up to 25% of the total money available in the Special Loan Programs Fund to a reserve; and
(3)    from time to time, reallocate the money held in the reserve.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-912 - Money to Annuity Bond Fund

Money that is received as repayment of principal or payment of interest on loans under the Program and that is not appropriated in the State budget may be credited to the Annuity Bond Fund, to be used to pay the principal of or interest on money borrowed by the State and appropriated to the Program.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-913 - Information on Program Loans Required in Appropriation Request

The Department shall include in its request for appropriations for the Program:
(1)    an estimate of the interest rates at which Program loans may be made in the next fiscal year;
(2)    the total principal amount of Program loans expected to be made at those interest rates in the next fiscal year; and
(3)    any other information that the Secretary of Budget and Management requests about Program loans.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-914 - Administration of County Rehabilitation Programs

(a)    If the Department certifies a political subdivision as capable of administering a local rehabilitation program, the political subdivision may originate and administer Program loans under regulations of the Department.
(b)    (1)    By regulation, the Department shall establish standards for determining the capability of a political subdivision to administer a local rehabilitation program.
(2)    The standards shall include provisions on:
(i)    the size, training, and experience of the professional staff that would administer the Program; and
(ii)    the capability of the professional staff to:
1.    determine rehabilitation needs;
2.    establish rehabilitation programs;
3.    evaluate applications for Program loans; and
4.    monitor Program loans and the rehabilitation work done with them.
(c)    If the Department determines that a political subdivision cannot or does not want to administer a local rehabilitation program, the Department may originate and administer Program loans from the allocation or suballocation to that political subdivision.
(d)    The Department may:
(1)    help train employees of political subdivisions to administer local rehabilitation programs under the standards that the Department sets; and
(2)    provide political subdivisions advice and technical assistance on the administration of their local rehabilitation programs, including loan packaging, contractor and bid selection, zoning, marketing, engineering, and related services.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-915 - Family of Limited Income

(a)    (1)    The Secretary shall set upper limits on the income that a family or individual may have to qualify as a family of limited income.
(2)    In setting the limits, the Secretary shall consider factors that include:
(i)    the portion of the total family income available for housing;
(ii)    the size of the family;
(iii)    the cost and condition of available housing;
(iv)    the ability of the family to compete successfully in the private housing market; and
(v)    relevant standards and definitions established for federal and State housing programs.
(b)    The Secretary may waive income limits for a borrower or occupant seeking a Program loan to rehabilitate a building that the State historical preservation officer finds historically or architecturally significant.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-916 - Program Loans for Affordable Housing -- in General

(a)    (1)    The Department may make Program loans for housing on terms that the Department considers necessary to make the housing affordable to families of limited income.
(2)    The Department may make Program loans in the form of a grant to a family of limited income if:
(i)    the family of limited income owns and occupies the dwelling; and
(ii)    the Department determines the family of limited income cannot undertake the rehabilitation project without a grant.
(3)    The terms may include:
(i)    deferred payment of principal and interest until the maturity date or the date of any sale or other transfer of the building or an interest in the building;
(ii)    an interest rate as low as 0% or as high as is reasonable, given the incomes of the proposed occupants, if the interest rate does not violate any federal regulation governing the borrowing of money by the State;
(iii)    increased interest rates or accelerated payments of principal and interest, if the borrower no longer qualifies for the Program loan; and
(iv)    advance payments to a nonprofit sponsor for certain development costs, including architectural, engineering, and attorneys’ fees.
(b)    Within the maximum income limits for families of limited income, the Secretary may establish:
(1)    lower income ranges;
(2)    interest rates to be available on Program loans serving occupants with incomes within those lower ranges; and
(3)    any preference or reservation of money for applications for Program loans to finance housing to serve occupants in those lower income ranges.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-917 - Program Loans for Affordable Housing -- Conditions

(a)    A Program loan:
(1)    may not be made if the Department determines that comparable private financing is available to the prospective borrower; and
(2)    may not exceed an amount the Secretary establishes by regulation.
(b)    (1)    Except as provided under paragraphs (2), (3), (4), and (5) of this subsection, a Program loan of more than $5,000 shall be secured wholly or partly by a recorded mortgage or deed of trust on real property.
(2)    A Program loan to a political subdivision may be secured by a recorded mortgage, deed of trust on real property, or other security device acceptable to the Department.
(3)    A Program loan to a trust described in 42 U.S.C. § 1396p(d)(4) may be secured by a recorded mortgage, deed of trust on real property, or other security device acceptable to the Department.
(4)    (i)    Subject to subparagraph (ii) of this paragraph, a Program loan to a member of a cooperative housing corporation may be secured by a perfected security interest in the member’s cooperative interest.
(ii)    Before a Program loan is secured by a perfected security interest in the member’s cooperative interest, the Department shall enter into an agreement with the cooperative housing corporation that establishes the rights and obligations of the Department and the cooperative housing corporation with respect to the secured cooperative interest.
(5)    A Program loan in the form of a grant may be unsecured or secured by a mortgage, deed of trust, or other security device acceptable to the Department.
(c)    Program loans shall be made to:
(1)    families of limited income owning and occupying the building to be rehabilitated; or
(2)    sponsors or nonprofit sponsors.
(d)    The Department may require that Program loans be insured.
(e)    A Program loan may cover:
(1)    costs of a rehabilitation project, including implementation costs such as appraisal, architectural, and engineering fees; and
(2)    closing costs of the Program loan.
(f)    The Department may modify the interest rate, the time or amount of payment, or any other term of a Program loan that is in default to facilitate repayment of the Program loan and achieve the purposes of the Program.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-918 - Program Loans for Affordable Housing -- Dwellings

(a)    (1)    When the Department makes a Program loan to finance a residential rehabilitation project, the sponsor or nonprofit sponsor shall restrict some dwellings for occupancy by families of limited income for at least the greater of 15 years and the number of years required by federal law.
(2)    The number of dwellings restricted under paragraph (1) of this subsection shall be at least the greater of:
(i)    the number that bears the same ratio to the total number of dwellings in the project as the amount the Program loan bears to the total financing of the undertaking; and
(ii)    the number of dwellings required for a community development project under § 4–217(b)(1)(ii) of this title or the number of dwellings that the issuer of the bonds chooses, whichever is greater, if a portion of the costs of the residential rehabilitation project is financed by government–issued, federally tax–exempt revenue bonds.
(b)    Dwellings restricted for occupancy to meet other federal or State occupancy requirements may be counted toward the number required under subsection (a) of this section.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-919 - Program Loans for Affordable Housing -- Private Financing Standards

(a)    The Secretary shall establish standards to promote the maximum use of private financing.
(b)    If a portion of a rehabilitation project is to be financed by a private lending institution, the Department shall require that the sponsor use all the private financing that the rehabilitation project can support without impairing:
(1)    the rehabilitation project; or
(2)    affordable housing for families of limited income, if the rehabilitation project is residential.
(c)    As long as the State complies with all applicable federal treasury regulations governing borrowing money by the State, a Program loan shall be at an interest rate that at least covers:
(1)    the administrative and other expenses of the Program; and
(2)    reasonably expected losses from defaults on Program loans.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-922 - Federal Programs and Other Sources for Grants and Loans

(a)    In addition to making loans for rehabilitation projects to sponsors, nonprofit sponsors, or families of limited income from the Rental Housing Programs Fund and the Special Loan Programs Fund, the Department may use money from any other authorized source, including federal programs of assistance for rehabilitation, to make:
(1)    grants for rehabilitation projects to families of limited income or nonprofit sponsors; and
(2)    loans for rehabilitation projects to sponsors, nonprofit sponsors, or families of limited income.
(b)    (1)    The Department:
(i)    shall use federal programs of assistance for rehabilitation to the maximum extent consistent with the purposes of this subtitle; and
(ii)    may do all things necessary to qualify for participation in those programs.
(2)    The terms and conditions of loans and grants made under this section shall be in accordance with the legislation or other authority by which the money is made available to the Department.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part I - In General › Section 4-923 - Rehabilitation Projects

(a)    The purpose of a rehabilitation project is:
(1)    to bring a building to a decent, safe, and sanitary condition in accordance with applicable codes and standards, including those for construction, health, safety, fire, and occupancy;
(2)    to maintain the building in that condition;
(3)    to make the building more useful and attractive;
(4)    to conform the building to the appropriate minimum livability code;
(5)    to provide, under applicable special loan programs:
(i)    lead paint abatement;
(ii)    indoor plumbing; or
(iii)    shared, accessory, or sheltered housing;
(6)    in the case of a loan or grant to an elderly household or a disabled homeowner, to modify or improve a dwelling to make it more accessible or functional for the occupants, if the building is, or after improvements will be, structurally sound and free of health and safety hazards; or
(7)    to provide, under applicable special loan pilot programs, radon abatement or asbestos abatement.
(b)    (1)    The applicable codes and standards under subsection (a)(1) of this section are:
(i)    those in force in the political subdivision where the building is located; or
(ii)    those that the Department sets by regulation for that political subdivision solely for purposes of this subtitle, if the political subdivision lacks codes and standards that the Secretary considers sufficient to promote the objectives of this subtitle.
(2)    With the approval of the local enforcement authority, the Secretary may allow exceptions to a code or standard to preserve the historic or architectural value of a building undergoing rehabilitation under this subtitle.
2023 Maryland Statutes › Housing and Community Development › Division I - Housing and Community Programs › Title 4 - Division of Development Finance › Subtitle 9 - Maryland Housing Rehabilitation Program › Part II - Programs in the Maryland Housing Rehabilitation Program › Section 4-926 - Accessory, Shared, and Sheltered Housing Program

(a)    (1)    In this section the following words have the meanings indicated.
(2)    “Accessory housing” means a dwelling with complete and independent sleeping, cooking, and living facilities that is:
(i)    within, attached to, or on the same parcel as a single-family, owner-occupied dwelling; and
(ii)    subordinate to but under the same ownership as the single-family, owner-occupied dwelling.
(3)    “Shared housing” means a single-family, owner-occupied dwelling adapted for common and shared living use by the owner-occupant and another family of limited income.
(4)    “Sheltered housing” means a single-family, owner-occupied dwelling that:
(i)    accommodates the owner-occupant; and
(ii)    provides sleeping and living facilities, meals, and assistance with daily activities for a rental fee to not more than 15 elderly individuals or individuals with disabilities.
(b)    There is an Accessory, Shared, and Sheltered Housing Program.
(c)    The Department shall operate the Accessory, Shared, and Sheltered Housing Program and make loans for rehabilitation costs for accessory, shared, and sheltered housing from the Special Loan Programs Fund under this subtitle.
(d)    The terms for accessory, shared, and sheltered housing loans shall satisfy the requirements of § 4-916(b) of this subtitle.
(e)    To qualify for an accessory housing loan, an applicant shall:
(1)    own the property for which the loan is made and agree to live in the property after the rehabilitation is completed; and
(2)    (i)    agree to use the loan proceeds to implement a rehabilitation project to provide an accessory dwelling for a family of limited income for a fixed minimum term that the Department determines; or
(ii)    be a family of limited income when the loan is made and agree to use the loan proceeds to provide an accessory dwelling for a fixed minimum term that the Department determines.
(f)    To qualify for a shared housing loan, an applicant shall:
(1)    be a family of limited income;
(2)    own the property for which the loan is made and agree to live in the property after the rehabilitation is completed; and
(3)    agree to use the loan proceeds to implement a rehabilitation project to provide shared housing or an accessory dwelling for a family of limited income.
(g)    To qualify for a sheltered housing loan, an applicant shall:
(1)    own the property for which the loan is made and agree to live in the property after the rehabilitation is completed;
(2)    agree to provide shelter, meals, and assistance with daily activities to not more than 15 elderly individuals or individuals with disabilities who qualify as families of limited income; and
(3)    demonstrate that the property will be certified by the appropriate governmental unit to provide sheltered care to elderly individuals or individuals with disabilities.