Maryland § 4-408
Full text of Maryland Maryland Code § 4-408, with citation guidance and answers to common questions.
§ 4-408.
(a) The Department shall review applications for loans submitted by private or nonprofit sponsors, political subdivisions, or local housing authorities established under Division II of this article on behalf of sponsors of proposed rental housing projects.
(b) In reviewing an application for a Program loan under this subtitle, the Department shall consider:
(1) the extent to which households of limited income will be assisted by the proposed project;
(2) the number and percentage of households of limited income currently living in the community where the project is proposed;
(3) the quantity, condition, and affordability of residential property in the community where the project is proposed;
(4) the economic feasibility of the proposed project;
(5) the degree of local government incentive and support provided to the proposed project, including contribution of land, abatement of taxes or fees, direct or indirect rental subsidies, and grants; and
(6) any other relevant factors.
Source: official Maryland text · Last verified 2026-08-27
Frequently Asked Questions About Maryland § 4-408
What does Maryland Code § 4-408 cover?
Section 4-408 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 4-408?
A common citation format is "Maryland Code § 4-408" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 4-408 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.