Section 4-1503 - Purpose of Program.
§ 4-1503. Purpose of Program.
(a) "Lot consolidation" defined.- In this section, "lot consolidation" means acquisition of real property adjacent to, and to be included in, a project.
(b) In general.- The purposes of the Program are to:
(1) increase the supply of decent, safe, and sanitary rental housing for occupancy by families of lower income;
(2) provide financial assistance for acquisition, construction, or rehabilitation of rental housing, including demolition and lot consolidation so that families of lower income can afford the rental housing;
(3) encourage political subdivisions to provide assistance in producing rental housing that families of lower income can afford; and
(4) revitalize designated neighborhoods through office or other commercial space conversion.
[An. Code 1957, art. 83B, §§ 2-501(g), 2-503; 2005, ch. 26, § 2.]