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§ 4-1702. Findings

MD House & Comm Dev Code § 4-1702 (2019) (N/A)
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The General Assembly finds that:

(1)    homeownership is a stabilizing factor for communities and families and is the best way for families of limited income to build equity and move out of poverty;

(2)    homeownership has become less affordable over time because incomes have not kept pace with the rising costs of homeownership;

(3)    self-help housing helps families of limited income to become homeowners, increasing their financial stability;

(4)    families working together in groups to build their homes help to create stronger communities; and

(5)    there have been three successful federally financed self-help programs in the State, and modeling a State self-help ownership program on a well-tested federal program will increase homeownership opportunities for families of limited income across the State.

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