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Section 10-202 - Purposes of Fund — Maryland Law | CourtGPT
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  8. Section 10-202 - Purposes of Fund
Maryland Legal Code

Section 10-202 - Purposes of Fund

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(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.