{"data":{"id":"us-md/md.-code-housing-and-community-development-4-810","jurisdiction":"us-md","citation":"Md. Code, Housing and Community Development § 4–810","heading":"","body":"(a) To qualify for a loan under § 4-804(1)(i), (4), or (5) of this subtitle, an applicant:\n(1) shall be a member of a household of limited income;\n(2) on closing of the loan, shall intend to reside in the home to be financed;\n(3) may not own other property used as the applicant’s personal residence; and\n(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.\n(b) To qualify for a loan under § 4-804(1)(ii) of this subtitle, an applicant:\n(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;\n(2) shall agree in writing to rent each unit other than the applicant’s unit to a household of limited income; and\n(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.\n(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.\n(d) To qualify for a loan under § 4–804(6) of this subtitle, an applicant shall:\n(1) own and occupy the home as the applicant’s principal residence; and\n(2) meet the income requirements set by the Department.","path":["Article - Housing and Community Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ghs\u0026section=4-810","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:07Z","sha256":"c4ddf0add80485becc73ba1e2637d093385f2203101a79fe59e69a81f924be6e","source_id":"us-md","stale":false,"prev":"us-md/md.-code-housing-and-community-development-4-809","next":"us-md/md.-code-housing-and-community-development-4-811"},"notice":"GroundRules: Original legal text. Not legal advice."}