Section 4-1505 - Qualification of family of lower income.
§ 4-1505. Qualification of family of lower income.
(a) Income limit.- The Secretary shall establish income limits for a family of lower income by considering factors that include:
(1) the total amount of family income available for housing;
(2) the size of the family;
(3) the cost and condition of available housing;
(4) the ability of the family to compete successfully in the conventional private housing market; and
(5) relevant standards and definitions of federal housing programs.
(b) Variances.-
(1) The income limits may vary for different areas or regions of the State.
(2) A limit of general applicability may be supplemented by a lower limit for a particular project.
[An. Code 1957, art. 83B, § 2-501(c); 2005, ch. 26, § 2.]