A. The Administration may use FAF funds to finance the following:
- (1) Rental housing;
- (2) Homeownership;
- (3) Housing for persons with special housing needs; or
- (4) Accessory, shared, or sheltered housing facilities.
- B. The housing financed with FAF funds shall be rented, occupied, or sold to very low-income households in accordance with this chapter.
- C. The projects financed with FAF funds shall be community development projects, public purpose projects, energy conservation projects, solar energy projects, home improvement projects, or special housing facilities.
Authority: Housing and Community Development Article, §§2-102, 2-211, and 4-211(a)(8) and (9), Annotated Code of Maryland
Effective date: March 15, 2004 (31:5 Md. R. 447)