(a) The Secretary shall establish annually the maximum amount of Program funds that a qualifying local government may use to develop a workforce housing unit.
(b) The per unit maximum established by the Secretary shall take into account the regional average construction costs applicable to the qualifying local government for a comparable workforce housing unit.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 4 - Division of Development Finance
Subtitle 18 - Workforce Housing Grant Program
Section 4-1802 - Established; Purpose; Funding
Section 4-1803 - Requirements for Participation
Section 4-1804 - Matching Funds
Section 4-1805 - Proportional Distribution of Annual Appropriations
Section 4-1806 - Requirements for Drawing Down Program Funds by Qualifying Local Government
Section 4-1807 - Redistribution of Available Funds
Section 4-1809 - Extension of Income Eligibility Limits
Section 4-1810 - Establishment of per Unit Maximum Amount