# COMCOR — Chapter 25B. Housing Policy - Regulations

### Article Ii. Montgomery Housing Initiative, Sec. 25B-9 Montgomery Housing Initiative - Regulations

#### COMCOR 25B.09.01 Administration of the Montgomery Housing Initiative Program

### Article Iii. Closing Cost Assistance Program, Sec. 25B-10 Establishment and Purpose - Regulations

#### COMCOR 25B.10.01 Closing Cost Assistance Program - Administration

#### COMCOR 25B.10.02 Closing Cost Assistance Program - Eligibility

### Article Iii. Closing Cost Assistance Program, Sec. 25B-11 Definitions - Regulations

### Article Iii, Closing Cost Assistance Program, Sec. 25B-12 Loans - Regulations

#### COMCOR 25B.12.01 Closing Cost Assistance Program - Interest Rate

### Article Iii. Closing Cost Assistance Program, Sec. 25B-13 Program Administration - Regulations

### Article Iii. Closing Cost Assistance Program, Sec. 25B-14 Closing Cost Assistance Fund - Regulations

### Article Iii. Closing Cost Assistance Program, Sec. 25B-15 False Statements or Reports - Regulations

### Article Iii. Closing Cost Assistance Program, Sec. 25B-16 Annual Report - Regulations

### Article Iv. Productivity Housing Program, Sec. 25B-18 Productivity Housing Program - Regulations

#### COMCOR 25B.18.01 Productivity Housing Administrative Regulations

### Montgomery County Code Chapter 25B, Article V. Workforce Housing Sec. 25B-24 Workforce Housing Program - Regulations

#### COMCOR 25B.24.01 Workforce Housing Program Regulations

INDEX

  25B.24.01.01   Definitions

  25B.24.01.02   Eligibility for Purchasing or Renting WFH Units and Occupancy Requirements

      2.1   Rental Certification

      2.2   Purchaser Certification

      2.3   Requirements for Eligibility - Income

      2.4   Special Income Exception for Conversion or Rental WFH Units to Condominiums

      2.5   Eligibility for Purchase - Restrictions on Ownership of MPDUs

      2.6   Eligibility for Purchase - Asset limit

      2.7   Primary Residence Requirement for WFH Units

  25B.24.01.03   Requirement to Provide WFH Units

      3.1   Requirements of the Agreement to Build WFH Units

      3.2   Housing Programs Which Satisfy the WFH Unit Requirement

  25B.24.01.04   Alternative Compliance Measures for Providing WFH Units

      4.1   Requesting Alternative Compliance Measures

      4.2   Approval to Provide WFH Units at an Alternative Location in the Same Planning Policy Area

  25B.24.01.05   Establishing Initial Sale and Rental Prices

      5.1   Maximum Allowable Sales Prices of WFH Units

      5.2   Maximum Rental Rates for WFH Units

      5.3   Rental WFH Units Sold as For Sale WFH Units

  25B.24.01.06   Sale and Rental Procedures

      6.1   Offering WFH Units for Sale or Rent

      6.2   Random Selection Process for WFH Unit Purchasers

      6.3   Offering WFH Units for Rent

      6.4   WFH Unit Covenants

      6.5   Sales and Rental Documentation

  25B.24.01.07   Procedures for Purchase and Rental of WFH Units by Commission

      7.1   Notifying the Commission

      7.2   Purchase Requirements

  25B.24.01.08   Resale of WFH Units During the Control Period

      8.1   Requesting a Resale Price Determination

      8.2   Establishing the Maximum Resale Price and the Amount Returned to the Seller at Resale

      8.3   Resale Procedures

  25B.24.01.09   Resale of WFH Units After the Control Period

      9.1   Seller’s Notification to the Department and the Commission

      9.2   The Department’s and the Commission’s Right to Purchase WFH Units with Expired Covenants

      9.3   Payment of Excess Proceeds to Housing Initiative Fund

      9.4   Divorce

  25B.24.01.10   Sale of WFH Unit by Foreclosure

  25B.24.01.11   Enforcement