Md. Code Regs. 05.05.01.02

Current through Register Vol. 51, No. 24, December 2, 2024

Section 05.05.01.02 - Objectives

The basic objectives of the multifamily rental financing programs are to:

A. Increase or preserve the supply of decent, safe, and sanitary rental housing in the State for occupancy by families of limited income and families of lower income including individuals and elderly households, by:

(1) Providing financial assistance for certain costs of acquiring, constructing, rehabilitating, or operating rental housing; and

(2) Stimulating the participation of political subdivisions in the preservation and production of affordable rental housing for families of limited income and families of lower income; and

B. Revitalize designated neighborhoods through the conversion of office and other commercial space to rental housing.

Md. Code Regs. 05.05.01.02

Regulations .02 adopted effective March 4, 1991 (18:4 Md. R. 446)
Regulations .02 Multifamily Rental Financing Program adopted effective March 13, 2006 (33:5 Md. R. 518)