Maryland Statutes
Part I - In General
Section 4-915 - Family of Limited Income

(a)    (1)    The Secretary shall set upper limits on the income that a family or individual may have to qualify as a family of limited income.
        (2)    In setting the limits, the Secretary shall consider factors that include:
            (i)    the portion of the total family income available for housing;
            (ii)    the size of the family;
            (iii)    the cost and condition of available housing;
            (iv)    the ability of the family to compete successfully in the private housing market; and
            (v)    relevant standards and definitions established for federal and State housing programs.
    (b)    The Secretary may waive income limits for a borrower or occupant seeking a Program loan to rehabilitate a building that the State historical preservation officer finds historically or architecturally significant.

Structure Maryland Statutes