Maryland Statutes
§ 4-1206
A household qualifies as a household of lower income:
(1)for initial occupancy, if the gross annual income of the household does not exceed:
(i)50% of the statewide median income for a household of like size; or
(ii)a lower income level that the Secretary establishes for a particular partnership project or for a unit of partnership rental housing to be occupied by one or more individuals with disabilities or special needs; and
(2)for continuing occupancy, if the gross annual income for the household does not exceed the greater of:
(i)an income level that the Secretary establishes; and
(ii)an applicable federal requirement.
Free access — add to your briefcase to read the full text and ask questions with AI
Maryland § 4-1206 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.