(a) To ensure that all areas of the State are served, the Department shall allocate at least annually among the counties the money appropriated for making Program loans under the Regular Rehabilitation Program.
(b) When allocating money to a county, the Department shall consider:
(1) the number of families of limited income in the county;
(2) the need to rehabilitate buildings in the county;
(3) the capability of the county to administer a local rehabilitation program; and
(4) other standards that the Department considers relevant to ensure fair and equitable distribution of money among counties.
(c) The Department may:
(1) allocate on a countywide basis first and then make suballocations among participating municipal corporations within counties;
(2) allocate up to 25% of the total money available in the Special Loan Programs Fund to a reserve; and
(3) from time to time, reallocate the money held in the reserve.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 4 - Division of Development Finance
Subtitle 9 - Maryland Housing Rehabilitation Program
Section 4-902 - Scope of Subtitle
Section 4-905 - Units in Program
Section 4-906 - Operation of Program; Types of Program Loans
Section 4-907 - Money for Operations; Reallocations
Section 4-908 - Powers of Department -- Program Loans in General
Section 4-909 - Powers of Department -- Program Loans Secured by Mortgages
Section 4-909.1 - Powers of Department -- Program Loans Secured by Cooperative Interest
Section 4-911 - Allocation of Money for Program Loans Under Regular Rehabilitation Program
Section 4-912 - Money to Annuity Bond Fund
Section 4-913 - Information on Program Loans Required in Appropriation Request
Section 4-914 - Administration of County Rehabilitation Programs
Section 4-915 - Family of Limited Income
Section 4-916 - Program Loans for Affordable Housing -- in General
Section 4-917 - Program Loans for Affordable Housing -- Conditions
Section 4-918 - Program Loans for Affordable Housing -- Dwellings
Section 4-919 - Program Loans for Affordable Housing -- Private Financing Standards
Section 4-920 - Loan Ceiling for Nonresidential Rehabilitation
Section 4-921 - Financing of Rehabilitation Loans
Section 4-922 - Federal Programs and Other Sources for Grants and Loans