Maryland Statutes
Subtitle 12 - Partnership Rental Housing Program
Section 4-1204 - Purposes of Program

The purposes of the Program are to:
        (1)    provide decent, safe, and sanitary rental housing for households of lower income;
        (2)    provide financial assistance to political subdivisions or housing authorities to acquire, construct, reconstruct, renovate, or rehabilitate rental housing affordable to households of lower income;
        (3)    stimulate the development and ownership of rental housing for households of lower income by political subdivisions, housing authorities, or partnerships that include political subdivisions or housing authorities;
        (4)    provide financial assistance to private sector entities to acquire, construct, reconstruct, renovate, or rehabilitate housing units:
            (i)    for sale to political subdivisions, housing authorities, or partnerships that include political subdivisions or housing authorities, as affordable rental housing for households of lower income; or
            (ii)    for occupancy by households of lower income that include one or more individuals with disabilities or special needs;
        (5)    promote affordable housing programs and increased contributions to the production of affordable rental housing by political subdivisions, housing authorities, and the private sector, including for profit and nonprofit entities;
        (6)    encourage households of lower income that live in partnership rental housing to contribute actively to the operation or maintenance of the housing or the community;
        (7)    finance rental housing that is:
            (i)    to be occupied by households of lower income;
            (ii)    to be owned by political subdivisions or housing authorities or partnerships that include political subdivisions or housing authorities; and
            (iii)    expected to be financially self-sufficient, without further governmental financing for maintenance, renovation, or operating subsidies; and
        (8)    encourage the private sector to provide rental housing for households of lower income that include one or more individuals with disabilities or special needs.

Structure Maryland Statutes