{"data":{"id":"us-md/md.-code-housing-and-community-development-4-3003","jurisdiction":"us-md","citation":"Md. Code, Housing and Community Development § 4–3003","heading":"","body":"// EFFECTIVE UNTIL JUNE 30, 2029 PER CHAPTER 212 OF 2024 //\n(a) A project qualifies as a housing innovation project if it provides new housing in which:\n(1) at least 20% of the units are set aside for households with a gross annual income of not more than 50% of the area median income for a household of like size; or\n(2) at least 40% of the units are set aside for households with a gross annual income of not more than 60% of the area median income for a household of like size.\n(b) The Department shall prioritize funding for projects that best meet the following guidelines:\n(1) the project does not use low–income housing tax credit equity or tax–exempt volume cap;\n(2) the affordable set–asides required under subsection (a) of this section remain restricted at elected levels for at least 99 years;\n(3) the project remains in public ownership; and\n(4) the project includes a commitment to prevailing wage requirements.","path":["Article - Housing and Community Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ghs\u0026section=4-3003","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:07Z","sha256":"0fbf129559066545ddf910f66a748a96d610eef610d8087ab653c74c06c2069d","source_id":"us-md","stale":false,"prev":"us-md/md.-code-housing-and-community-development-4-3002","next":"us-md/md.-code-housing-and-community-development-4-3004"},"notice":"GroundRules: Original legal text. Not legal advice."}