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Statutes Text

Article - Housing and Community Development




§4–1903.

    (a)    The Department may provide financial assistance under the Program utilizing funds from:

        (1)    any fund or program under Division I of this article; or

        (2)    any other source of funds available to the Department.

    (b)    The Department may provide any type of financial assistance permitted by Division I of this article to recipients under the Program.

    (c)    In addition to the type of financial assistance allowed under subsection (b) of this section, the Department may provide financial assistance under a buy–down program that reduces the amount a borrower pays on a loan obtained from the private market or from the Department for a defined period of time.



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