(a) Subject to the power of the Board of County Commissioners under § 21-105 of this title, the Washington Authority, in addition to the powers listed in this Division II and provided by local law, may:
- (1) make mortgage loans;
- (2) make rent subsidy payments to or for persons of eligible income;
- (3) make construction loans and long-term mortgage loans to a person to produce housing for persons of eligible income; or
- (4) waive maximum income limits for persons 65 years of age or older.
- (b) The Washington Authority may sell its bonds at public or private sale in the manner and on the terms that it authorizes by resolution.
Added by Acts 2006, c. 63, § 2, eff. Oct. 1, 2006.