# Housing and Community Development (GHS)

## Title 10. Maryland Affordable Housing Trust

### Subtitle 2. Maryland Affordable Housing Trust Fund

#### Section 10-201

There is a Maryland Affordable Housing Trust Fund.

#### Section 10-202

(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.

#### Section 10-203

The State Treasurer shall hold and the Comptroller shall account for the Fund.

#### Section 10-204

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 Sec. 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.

#### Section 10-205

The Board may solicit money for the Fund from any source.

#### Section 10-206

Money in the Fund shall be invested in the same way as other State money.

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Md. Code Ann., Hous. & Cmty. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)