Current with changes from the 2024 Legislative Session
Section 4-506 - Workforce Housing Fund(a) In this section, "Fund" means the Workforce Housing Fund.(b) There is a Workforce Housing Fund.(c) As provided in the State budget, the Department shall use the Fund to operate and provide funds under the Workforce Housing Grant Program.(d) 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.