Maryland 2023 2023 Regular Session

Maryland Senate Bill SB166 Engrossed / Bill

Filed 03/18/2023

                     
 
EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXIS TING LAW. 
        [Brackets] indicate matter deleted from existing law. 
         Underlining indicates amendments to bill. 
         Strike out indicates matter stricken from the bill by amendment or deleted from the law by 
amendment. 
         *sb0166*  
  
SENATE BILL 166 
C9   	3lr1186 
    	CF HB 150 
By: Senators Waldstreicher and Hettleman 
Introduced and read first time: January 19, 2023 
Assigned to: Education, Energy, and the Environment 
Committee Report: Favorable with amendments 
Senate action: Adopted 
Read second time: March 10, 2023 
 
CHAPTER ______ 
 
AN ACT concerning 1 
 
Housing and Community Development – Adaptive Reuse 2 
 
FOR the purpose of establishing that adaptive reuse of existing buildings to create 3 
affordable multifamily housing is an eligible use of certain financial assistance 4 
provided by the Department of Housing and Community Development; requiring the 5 
Department to notify applicants for certain financial assistance that adaptive reuse 6 
is an eligible use of funds; and generally relating to the creation and financing of 7 
affordable multifamily housing through the adaptive reuse of existing buildings. 8 
 
BY adding to 9 
 Article – Housing and Community Development 10 
Section 1–102 to be under the amended subtitle “Subtitle 1. General Provisions” 11 
 Annotated Code of Maryland 12 
 (2019 Replacement Volume and 2022 Supplement) 13 
 
 SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 14 
That the Laws of Maryland read as follows: 15 
 
Article – Housing and Community Development 16 
 
Subtitle 1. [Definitions] GENERAL PROVISIONS. 17 
 
1–102. 18 
  2 	SENATE BILL 166  
 
 
 (A) (1) IN THIS SECTION THE F OLLOWING WORDS HAVE THE MEANINGS 1 
INDICATED. 2 
 
 (2) “ADAPTIVE REUSE ” MEANS THE RETROFITTI NG AND 3 
REPURPOSING OF AN EXISTING BUILD ING TO DEVELOP NEW D WELLING UNITS . 4 
 
 (3) “AFFORDABLE MULTIFAMIL Y HOUSING” MEANS A MULTIFAMILY 5 
DWELLING WHERE ALL O R A PORTION OF THE D WELLING UNITS ARE RE SERVED FOR 6 
INDIVIDUALS WHOSE HO USEHOLD INCOME IS LE SS THAN OR EQUAL TO A CERTAIN 7 
LIMIT ON MAXIMUM HOU SEHOLD INCOME . 8 
 
 (B) (1) SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION , THIS SECTION 9 
APPLIES TO ANY PROGR AM OPERATED BY THE DEPARTMENT THAT AWARD S LOANS 10 
THAT MAY BE USED TO DEVELOP AFFORDABLE M ULTIFAMILY HOUSING . 11 
 
 (2) IF THE LAWS OR RE GULATIONS GOVERNING A PARTICULAR 12 
PROGRAM ESTABLISH MO RE SPECIFIC RULES RE GARDING THE USE OF L OAN 13 
PROCEEDS FOR ADAPTIV E REUSE, THE MORE SPECIFIC RU LES SHALL APPLY . 14 
 
 (C) (1) ADAPTIVE REUSE OF A P ROPERTY TO DEVELOP A FFORDABLE 15 
MULTIFAMILY HOUSING IS AN ELIGIBLE USE OF THE PROCEE DS OF A LOAN COVERED 16 
UNDER THIS SECTION . 17 
 
 (2) (I) THE SUBJECT TO SUBPARAGRA PH (II) OF THIS PARAGRAPH , 18 
THE DEPARTMENT SHALL NOTI FY APPLICANTS FOR A LOAN COVERED UNDER T HIS 19 
SECTION THAT ADAPTIV E REUSE OF A PROPERT Y TO DEVELOP AFFORDA BLE 20 
MULTIFAMILY HOUSING IS AN ELIGIBLE USE O F LOAN PROCEEDS . 21 
 
 (II) THE NOTICE REQUIREMEN T UNDER SUBPARAGRAPH (I) OF 22 
THIS PARAGRAPH DOES NOT APPLY WHEN AN IN DIVIDUAL APPLIES FOR A LOAN 23 
UNDER A DEPARTMENT PROGRAM TH AT DOES NOT FOCUS ON HOUSING, INCLUDING 24 
PROGRAMS WITHIN THE DIVISION OF NEIGHBORHOOD REVITALIZATION.  25 
 
 SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 26 
October 1, 2023. 27