Md. Code, Housing and Community Development § 4-810
Md. Code, Housing and Community Development § 4-810
in effect(a) To qualify for a loan under § 4-804(1)(i), (4), or (5) of this subtitle, an applicant:
(1) shall be a member of a household of limited income;
(2) on closing of the loan, shall intend to reside in the home to be financed;
(3) may not own other property used as the applicant’s personal residence; and
(4) in the estimation of the Department, shall lack the financial resources to obtain a private conventional mortgage or to qualify for other departmental loan programs.
(b) To qualify for a loan under § 4-804(1)(ii) of this subtitle, an applicant:
(1) shall agree in writing to live as an owner-occupant in one of the units of a residential building with no more than four units;
(2) shall agree in writing to rent each unit other than the applicant’s unit to a household of limited income; and
(3) in the estimation of the Department, shall lack the financial resources to obtain a private conventional mortgage or qualify for other departmental loan programs.
(c) To qualify for a loan under § 4-804(2) of this subtitle, an applicant shall agree to sell or rent each dwelling unit constructed or rehabilitated with the proceeds of the loan to a household of limited income.
(d) To qualify for a loan under § 4–804(6) of this subtitle, an applicant shall:
(1) own and occupy the home as the applicant’s principal residence; and
(2) meet the income requirements set by the Department.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ghs§ion=4-810&enactments=falseFetched: 10/17/2026