(a) To accomplish the purpose of this subtitle and notwithstanding any other law, a covered county may borrow money by issuing revenue bonds, notes, or other evidences of obligation.
(b) Money under subsection (a) of this section shall be made available for residential mortgage loans to families of low or moderate income, only through mortgage lending institutions by:
(1) forward commitment mortgage purchase;
(2) existing mortgage purchase;
(3) loans to lenders;
(4) revolving mortgage fund; or
(5) any other means that the legislative body of the covered county considers appropriate.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 4 - Division of Development Finance
Subtitle 16 - Residential Mortgage Programs for Certain Counties
Section 4-1603 - Purposes of Subtitle
Section 4-1604 - Power of Covered County to Borrow Money; Availability of Money
Section 4-1605 - Covered County May Collect Charges From Borrowers
Section 4-1606 - Ordinance or Resolution to Issue Bonds
Section 4-1607 - Characteristics of Bonds