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<baltimore-city-law heading="§ 10 Affordable housing funds.">
  <section prefix="§" num="10" heading="Affordable housing funds.">
    <para num="(a)" heading="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:<para num="(1)">providing assistance, by loan, grant, or otherwise, for the planning, production, maintenance, or expansion of affordable housing in the City;</para>
      <para num="(2)">providing assistance, by loan, grant, or otherwise, to persons unable to obtain affordable housing; and</para>
      <para num="(3)">otherwise increasing housing opportunities for working families and other persons of low and moderate income.</para>
    </para>
    <para num="(b)" heading="Revenue sources.">A fund established under &lt;cite data-path="I|§10"&gt;this section&lt;/cite&gt; may comprise:<para num="(1)">money appropriated to the fund  in the annual Ordinances of Estimates; and</para>
      <para num="(2)">grants or donations made to the fund.</para>
    </para>
    <para num="(c)" heading="Continuing nature of fund.">Notwithstanding any other provision of this Charter, unspent portions of a fund established under &lt;cite data-path="I|§10"&gt;this section&lt;/cite&gt;:<para num="(1)">remain in the fund, to be used exclusively for their ordained purposes;</para>
      <para num="(2)">do not revert to the general revenues of the City; and</para>
      <para num="(3)">their appropriations do not lapse.</para>
    </para>
    <annotation type="History">Res. 06-015, ratified Nov. 7, 2006</annotation>
  </section>
</baltimore-city-law>
