Current with changes from the 2024 Legislative Session
Section 4-1803 - Requirements for participation(a) A local government qualifies for participation in the Program if: (1) the local government has: (i) a 5-year consolidated plan approved by the United States Department of Housing and Urban Development; or(ii) a comprehensive plan;(2) the plans listed in item (1) of this subsection:(i) have a workforce housing element;(ii) assess workforce housing needs; and(iii) contain goals, objectives, and policies to preserve or develop workforce housing; and(3) the local government provides a statement to the Department indicating: (i) a desire to participate in the Program; and(ii) a reasonable expectation of the local government's ability to provide the matching funds required under § 4-1804 of this subtitle.(b) The workforce housing element in the 5-year consolidated plan or the comprehensive plan of a qualifying local government may include:(1) preservation and renovation of existing housing stock;(2) redevelopment of existing residential areas;(3) streamlined regulatory processes and reduced regulatory fees for construction or renovation;(4) financial incentives for construction and renovation including local property tax credits;(5) special zoning regulations for construction and renovation including inclusionary zoning;(6) efforts to preserve workforce housing stock for subsequent first-time homebuyers and renters;(7) coordination with neighboring jurisdictions;(8) coordination with private sector employers; and(9) leveraging of federal financial assistance.