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Statutes Text

Article - Housing and Community Development




§10–202.

    (a)    The Board shall use the Fund to make awards to:

        (1)    help acquire, build, rehabilitate, or preserve affordable housing;

        (2)    help nonprofit organizations develop affordable housing; and

        (3)    help promote affordable housing by contributing to pay the operating expenses of housing developments.

    (b)    In any fiscal year, the Board may use up to 5% of the Fund to pay actual operating and staffing expenses directly related to the activities of the Trust.



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