§ 21-106. Powers of Washington Authority

Latest version.

   (a) In general. -- Subject to the power of the Board of County Commissioners under § 21-105 of this title, the Washington Authority, in addition to the powers listed in this Division II and provided by local law, may:

   (1) make mortgage loans;

   (2) make rent subsidy payments to or for persons of eligible income;

   (3) make construction loans and long-term mortgage loans to a person to produce housing for persons of eligible income; or

   (4) waive maximum income limits for persons 65 years of age or older.

(b) Sale of bonds. -- The Washington Authority may sell its bonds at public or private sale in the manner and on the terms that it authorizes by resolution.

HISTORY: An. Code 1957, art. 44A, § 5-102(c), (e); 2006, ch. 63, § 2.

                    
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