Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 4-918
Terms Used In Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 4-918
(2) The number of dwellings restricted under paragraph (1) of this subsection shall be at least the greater of:
(i) the number that bears the same ratio to the total number of dwellings in the project as the amount the Program loan bears to the total financing of the undertaking; and
(ii) the number of dwellings required for a community development project under § 4-217(b)(1)(ii) of this title or the number of dwellings that the issuer of the bonds chooses, whichever is greater, if a portion of the costs of the residential rehabilitation project is financed by government-issued, federally tax-exempt revenue bonds.
(b) Dwellings restricted for occupancy to meet other federal or State occupancy requirements may be counted toward the number required under subsection (a) of this section.