Maryland § 4-3003

Maryland Statutes

§ 4-3003

Maryland § 4-3003

Article ghsHousing and Community Development

Title4

This text of Maryland § 4-3003 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Md. Code Ann., Housing and Community Development § 4-3003 (2026).

Text

§4–3003. IN EFFECT // EFFECTIVE UNTIL JUNE 30, 2029 PER CHAPTER 212 OF 2024 //

(a)A project qualifies as a housing innovation project if it provides new housing in which:

(1)at least 20% of the units are set aside for households with a gross annual income of not more than 50% of the area median income for a household of like size; or

(2)at least 40% of the units are set aside for households with a gross annual income of not more than 60% of the area median income for a household of like size.

(b)The Department shall prioritize funding for projects that best meet the following guidelines:

(1)the project does not use low–income housing tax credit equity or tax–exempt volume cap;

(2)the affordable set–asides require

Free access — add to your briefcase to read the full text and ask questions with AI

§4–3003. IN EFFECT

// EFFECTIVE UNTIL JUNE 30, 2029 PER CHAPTER 212 OF 2024 //

(a) A project qualifies as a housing innovation project if it provides new housing in which:

(1) at least 20% of the units are set aside for households with a gross annual income of not more than 50% of the area median income for a household of like size; or

(2) at least 40% of the units are set aside for households with a gross annual income of not more than 60% of the area median income for a household of like size.

(b) The Department shall prioritize funding for projects that best meet the following guidelines:

(1) the project does not use low–income housing tax credit equity or tax–exempt volume cap;

(2) the affordable set–asides required under subsection (a) of this section remain restricted at elected levels for at least 99 years;

(3) the project remains in public ownership; and

(4) the project includes a commitment to prevailing wage requirements.

Nearby Sections

15

§ 4-1001

§ 4-1002

§ 4-1003

§ 4-1004

§ 4-1005

§ 4-101

§ 4-102

§ 4-103

§ 4-104

§ 4-1101

§ 4-1102

§ 4-1103

§ 4-1104

§ 4-1105

§ 4-1201

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

Maryland § 4-3003, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/ghs/4-3003.