The purposes of the Program are to:
(1) stimulate the production and preservation of rental housing;(2) increase and improve the supply of decent, safe, and sanitary rental housing at costs that are affordable to households of limited income;(3) use available resources efficiently to serve the households that are in need of quality affordable housing opportunities, including families, the elderly, and persons with disabilities or special needs;(4) support economic growth and activity by financing, in whole or in part, the construction or substantial rehabilitation of rental housing projects; and(5) revitalize sustainable communities, as defined in § 6-301 of this article, through office or other commercial space conversion.Added by 2014 Md. Laws, Ch. 229,Sec. 2, eff. 7/1/2014.