§ 10-202

Maryland § 10-202

• Jurisdiction: Maryland
• Article ghs: Housing and Community Development
• Title: 10

Text

(a) The Board shall use the Fund to make awards to:

(1) help acquire, build, rehabilitate, or preserve affordable housing;

(2) help nonprofit organizations develop affordable housing; and

(3) help promote affordable housing by contributing to pay the operating expenses of housing developments.

(b) In any fiscal year, the Board may use up to 5% of the Fund to pay actual operating and staffing expenses directly related to the activities of the Trust.