§ 10 Affordable housing funds.
Current through 2026-10-01. Source: Laws of Md., ch. 485 (2026 Session Md. Gen. Assembly). Published by the Baltimore City Department of Legislative Reference.
Balt., Md., Charter art. I, § 10 (2026)
§ 10 Affordable housing funds.LinkCopy Citation
(a)Authorization.
By Ordinance, the Mayor and City Council of Baltimore may establish 1 or more continuing, nonlapsing funds for purposes of promoting economically diverse housing in City neighborhoods, including:
(1)
providing assistance, by loan, grant, or otherwise, for the planning, production, maintenance, or expansion of affordable housing in the City;
(2)
providing assistance, by loan, grant, or otherwise, to persons unable to obtain affordable housing; and
(3)
otherwise increasing housing opportunities for working families and other persons of low and moderate income.
(b)Revenue sources.
A fund established under <cite data-path="I|§10">this section</cite> may comprise:
(1)
money appropriated to the fund in the annual Ordinances of Estimates; and
(2)
grants or donations made to the fund.
(c)Continuing nature of fund.
Notwithstanding any other provision of this Charter, unspent portions of a fund established under <cite data-path="I|§10">this section</cite>:
(1)
remain in the fund, to be used exclusively for their ordained purposes;
(2)
do not revert to the general revenues of the City; and
(3)
their appropriations do not lapse.
History: Res. 06-015, ratified Nov. 7, 2006