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<section number="10-299.01" name="Critical Workforce Homebuying Assistance Program" law="code" slug="sec-10-299.01" node_id="PTIITI17PULOLAPRGECOMA_SUBTITLE_10FITA_DIV19HOINTRFU_S10-299.01CRWOHOASPR">
  <level label="a">
    <text>Program established. There is within the Housing Investment Trust Fund a Critical Workforce Homebuying Assistance Program to ensure that County workers critical to the education and safety of County residents are able to purchase homes in the communities that they serve.</text>
  </level>
  <level label="b">
    <text>Eligibility. A participant in the Program must:</text>
    <level label="1">
      <text>be employed as:</text>
      <level label="A">
        <text>a teacher employed full-time by Prince George's County Public Schools;</text>
      </level>
      <level label="B">
        <text>a nurse employed full-time in a medical office or hospital located in Prince George's County; or</text>
      </level>
      <level label="C">
        <text>a firefighter, emergency medical technician, correctional officer, police officer, public safety dispatcher, or deputy sheriff employed full-time by a public safety agency of Prince George's County Government; and</text>
      </level>
    </level>
    <level label="2">
      <text>have a household income not exceeding 120 percent of the median income for the Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area.</text>
    </level>
  </level>
  <level label="c">
    <text>Assistance. Assistance under the Program shall consist of zero percent or interest-deferred loans, subject to the following conditions:</text>
    <level label="1">
      <text>Maximum loan amount shall not exceed $50,000, or 25% of the purchase price, whichever is less;</text>
    </level>
    <level label="2">
      <text>Homes must be located in Prince George's County;</text>
    </level>
    <level label="3">
      <text>Homes must be the applicant's primary residence and only property in Prince George's County to remain eligible for the Program;</text>
    </level>
    <level label="4">
      <text>Loans will be secured by a second mortgage on the property;</text>
    </level>
    <level label="5">
      <text>Loans may be paid off or payments made toward principal with no penalty; and</text>
    </level>
    <level label="6">
      <text>Any other conditions set forth in regulations adopted paragraph (d)(3) of this section.</text>
    </level>
  </level>
  <level label="d">
    <text>Administration. The Program shall be administered by the Director of the Department of Housing and Community Development, or their designee.</text>
    <level label="1">
      <text>An applicant for assistance under the Program shall apply on an application form required by the Director of the Department of Housing and Community Development, or their designee.</text>
    </level>
    <level label="2">
      <text>The Director or their designee shall review applications for assistance submitted pursuant to this subsection and provide assistance to eligible applicants subject to the availability of Program funds.</text>
    </level>
    <level label="3">
      <text>The Director of the Department of Housing and Community Development may adopt such regulations as may be necessary for the administration of the Program.</text>
    </level>
  </level>
  <level label="e">
    <text>Funding. The County Council may provide additional funding for the Program to be used in accordance with parameters established by the County Council.</text>
  </level>
</section>
