Md. Code Ann., Hous. & Cmty. Dev. § 4-2802
Redline — January 1, 2022 → current.View current text →
Current — January 1, 2025
As of January 1, 2022
(a) There is an Appraisal Gap From Historic Redlining Financial Assistance Program in the Department.
(a) There is an Appraisal Gap From Historic Redlining Financial Assistance Program in the Department.
(b) The purpose of the Program is to make financial assistance available to affordable housing developers working in low–income census tracts in order to help close appraisal gaps that occur in historically redlined neighborhoods.
(b) The purpose of the Program is to help close appraisal gaps that occur in historically redlined neighborhoods by making financial assistance available to: (1) affordable housing developers working in low–income census tracts and sustainable communities; and (2) individuals who purchase a qualified property: (i) after a qualified project is completed; (ii) at an affordable sales price as determined by regulations adopted by the Department; and (iii) as an owner–occupant.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.