Title 10. Maryland Affordable Housing Trust — Subtitle 2. Maryland Affordable Housing Trust Fund
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hous. & Cmty. Dev. § 10-201 (2026)
Title 10. Maryland Affordable Housing Trust
Subtitle 2. Maryland Affordable Housing Trust Fund
§ 10–201LinkCopy Citation
There is a Maryland Affordable Housing Trust Fund.
Md. Code Ann., Hous. & Cmty. Dev. § 10-202 (2026)
Title 10. Maryland Affordable Housing Trust
Subtitle 2. Maryland Affordable Housing Trust Fund
§ 10–202LinkCopy Citation
(a)
The Board shall use the Fund to make awards to:
(1)
help acquire, build, rehabilitate, or preserve affordable housing;
(2)
help nonprofit organizations develop affordable housing; and
(3)
help promote affordable housing by contributing to pay the operating expenses of housing developments.
(b)
In any fiscal year, the Board may use up to 5% of the Fund to pay actual operating and staffing expenses directly related to the activities of the Trust.
Md. Code Ann., Hous. & Cmty. Dev. § 10-203 (2026)
Title 10. Maryland Affordable Housing Trust
Subtitle 2. Maryland Affordable Housing Trust Fund
§ 10–203LinkCopy Citation
The State Treasurer shall hold and the Comptroller shall account for the Fund.
Md. Code Ann., Hous. & Cmty. Dev. § 10-204 (2026)
Title 10. Maryland Affordable Housing Trust
Subtitle 2. Maryland Affordable Housing Trust Fund
§ 10–204LinkCopy Citation
The Fund consists of:
(1)
money that the Board receives from any public or private source, including a gift, grant, or legacy;
(2)
interest earned on Trust accounts held by title insurers and their agents under § 22–105 of the Insurance Article;
(3)
investment earnings of the Fund; and
(4)
repayments of principal or payments of interest on loans from the Fund.
Md. Code Ann., Hous. & Cmty. Dev. § 10-205 (2026)
Title 10. Maryland Affordable Housing Trust
Subtitle 2. Maryland Affordable Housing Trust Fund
§ 10–205LinkCopy Citation
The Board may solicit money for the Fund from any source.
Md. Code Ann., Hous. & Cmty. Dev. § 10-206 (2026)
Title 10. Maryland Affordable Housing Trust
Subtitle 2. Maryland Affordable Housing Trust Fund
§ 10–206LinkCopy Citation
Money in the Fund shall be invested in the same way as other State money.