§ 4-506. Workforce Housing Fund

Latest version.

   (a) "Fund" defined. -- In this section, "Fund" means the Workforce Housing Fund.

(b) Fund established. -- There is a Workforce Housing Fund.

(c) Purpose. -- As provided in the State budget, the Department shall use the Fund to operate and provide funds under the Workforce Housing Grant Program.

(d) Components. -- The Fund consists of:

   (1) money appropriated by the State;

   (2) repayments of principal and payments of interest on loans made under the Workforce Housing Grant Program;

   (3) amounts paid in connection with transfers of homeownership workforce housing units;

   (4) money transferred to the Fund in accordance with this subtitle; and

   (5) investment earnings of the Fund.

HISTORY: 2007, ch. 603.

                    
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