- (1) stimulate the production and preservation of rental housing;
- (2) increase and improve the supply of decent, safe, and sanitary rental housing at costs that are affordable to households of limited income;
- (3) use available resources efficiently to serve the households that are in need of quality affordable housing opportunities, including families, the elderly, and persons with disabilities or special needs;
- (4) support economic growth and activity by financing, in whole or in part, the construction or substantial rehabilitation of rental housing projects; and
- (5) revitalize sustainable communities, as defined in § 6-301 of this article, through office or other commercial space conversion.
The purposes of the Program are to:
Added by Acts 2014, c. 229, § 2, eff. July 1, 2014.