A substantial part of the housing in a housing project is deemed to be for persons of eligible income if:
(1) after financing is provided by the Montgomery Commission, 50% or more of the housing units are occupied first by persons of eligible income;
(2) 20% or more of the housing units are for low-income persons who are assisted or who are eligible to be assisted with federal subsidies; or
(3) the owners of the housing certify to the Montgomery Commission that they will make their best efforts to meet the standard under item (1) or (2) of this section.
Structure Maryland Statutes
Housing and Community Development
Division II - Housing Authorities
Subtitle 1 - Definitions; Organization and Administration of Montgomery Commission
Section 16-102 - Applicability of Title 12
Section 16-103 - Scope of Title
Section 16-105 - Housing Opportunities Commission of Montgomery County Established
Section 16-107 - Powers of the Montgomery Commission
Section 16-107.1 - Minutes and Streaming of Meetings
Section 16-108 - Person of Eligible Income
Section 16-109 - Substantial Part of Housing for Persons of Eligible Income
Section 16-110 - Assisted Family Housing
Section 16-112 - Financial Report
Section 16-114 - Report of Certain Payment Data -- Searchable Website