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§ 14-504. Powers of affordable housing land trusts

West's Annotated Code of MarylandReal PropertyEffective: October 1, 2010

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 14. Miscellaneous Rules (Refs & Annos)
Subtitle 5. Affordable Housing Land Trusts (Refs & Annos)
Effective: October 1, 2010
MD Code, Real Property, § 14-504
§ 14-504. Powers of affordable housing land trusts
Currentness
In accordance with this subtitle, an affordable housing land trust may:
(1) Acquire residential real property;
(2) Acquire an interest in property for the construction of residential real property;
(3) Make improvements on residential real property;
(4) Enter into affordable housing land trust agreements with persons who meet the criteria set out in this subtitle and any other criteria as established in the affordable housing land trust agreement for the transfer of an interest in residential real property; and
(5) Engage in other activities related to the sale, leasing, management, maintenance, and preservation of properties under the control of the affordable housing land trust.

Credits

Added by Acts 2010, c. 609, § 1, eff. Oct. 1, 2010; Acts 2010, c. 610, § 1, eff. Oct. 1, 2010.
MD Code, Real Property, § 14-504, MD REAL PROP § 14-504
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document