State Codes and Statutes
Statutes > Maryland > Housing-and-community-development > Title-21 > 21-106§ 21-106. Powers of Washington Authority.
(a) In general.- Subject to the power of the Board of County Commissioners under § 21-105 of this title, the Washington Authority, in addition to the powers listed in this Division II and provided by local law, may:
(1) make mortgage loans;
(2) make rent subsidy payments to or for persons of eligible income;
(3) make construction loans and long-term mortgage loans to a person to produce housing for persons of eligible income; or
(4) waive maximum income limits for persons 65 years of age or older.
(b) Sale of bonds.- The Washington Authority may sell its bonds at public or private sale in the manner and on the terms that it authorizes by resolution.
[An. Code 1957, art. 44A, § 5-102(c), (e); 2006, ch. 63, § 2.]
