Section 7-105 - Assisted project.
§ 7-105. Assisted project.
A property qualifies as an assisted project if:
(1) it is a building or buildings under common ownership containing 10 or more dwelling units intended to be leased to assisted households for occupancy as their primary residences; and
(2) (i) a loan financing the property is insured or assisted under § 221(d)(3), § 202, or § 236(a) or (b) of the National Housing Act, 12 U.S.C. § 1701q, § 1715l(d)(3), or § 1715z-1, or § 515 of the Housing Act of 1949, 42 U.S.C. § 1485; or
(ii) the project, the owner of the project, or a lender to the project receives project-based § 8 rental assistance.
[An. Code 1957, art. 83B, § 9-101(c); 2005, ch. 26, § 2.]