§ 4-801. Definitions
West's Annotated Code of MarylandHousing and Community Development
MD Code, Housing & Community Development, § 4-801
§ 4-801. Definitions
(d) “Household of limited income” means one or more individuals whose aggregate adjusted annual income does not exceed the upper income limits that the Secretary sets under § 4-807 of this subtitle.
(e) “Lot consolidation” means the acquisition of real property adjacent to and in connection with a residence financed by the Program to include the real property as part of the residence.
(f) “Median annual family income” means the median annual family income for the State, county, or area, whichever is greatest, as shown in the latest Census Bureau Report of the United States Department of Commerce.
(g) “Preferred interest rate” means an interest rate that the Department sets under § 4-806(c) of this subtitle.
(i) “Region” means an area of the State that the Department establishes comprising one or more counties.
Credits
Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005.
MD Code, Housing & Community Development, § 4-801, MD HOUS & CMTY DEV § 4-801
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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