FAF funds may be used for the following:
- A. Activities identified in 24 CFR §811.110, as amended;
- B. Interest rate subsidies;
- C. Direct rental subsidies;
- D. Grants or loans for housing very low-income households, including housing in mixed income or mixed use projects;
- E. Interest subsidies, grants, or loans to enable very low-income households to acquire ownership of single family housing units; and
- F. Funds to assist in the acquisition, construction, and rehabilitation of housing for homeless persons, very low-income households, or persons at risk of becoming homeless, and other special needs populations consisting of very low-income households.
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)