WES MOORE, Governor Ch. 265
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Chapter 265
(Senate Bill 90)
AN ACT concerning
Community Development Administration – Live Near Your School Program –
Funding and Extension
FOR the purpose of requiring authorizing the Governor, for certain fiscal years, to include
in the annual budget bill an appropriation for the Live Near Your School program in
the Community Development Administration; extending the termination date for the
program Live Near Your School program and a related homebuyer program; and
generally relating to the Live Near Your School program.
BY repealing and reenacting, without amendments,
Article – Housing and Community Development
Section 4–101(a) and (b) and 4–217(a) and (b)
Annotated Code of Maryland
(2019 Replacement Volume and 2023 Supplement)
BY repealing and reenacting, with amendments,
Article – Housing and Community Development
Section 4–217(e)
Annotated Code of Maryland
(2019 Replacement Volume and 2023 Supplement)
BY repealing and reenacting, with amendments,
Chapter 247 of the Acts of the General Assembly of 2021
Section 2
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,
That the Laws of Maryland read as follows:
Article – Housing and Community Development
4–101.
(a) In this title the following words have the meanings indicated.
(b) “Administration” means the Community Development Administration.
4–217.
(a) A project, undertaking, or a part of a project or undertaking, including the
real, personal, and mixed property involved, qualifies as a community development project Ch. 265 2024 LAWS OF MARYLAND
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if it is planned, acquired, owned, developed, constructed, reconstructed, rehabilitated,
repaired, renovated, or improved to promote sound community development.
(b) A community development project shall provide for:
(1) new or existing housing:
(i) that is or will be occupied in substantial part by families of
limited income; or
(ii) at least 20% of which is or will be occupied by families of limited
income, if the project is financed with bonds, notes, or other evidences of indebtedness
issued by the Administration, the income from which being includable in the holder’s gross
income under the Internal Revenue Code as determined by the Administration at the time
of issue;
(2) any improvements, such as streets, roads, sewer lines, and water lines
that are needed to support the housing; and
(3) the public or private commercial, educational, cultural, recreational,
community, or civic facilities that are needed to support the housing.
(e) (1) (i) In this subsection the following words have the meanings
indicated.
(ii) “Current student” means an individual who:
1. attends a public institution of higher education in the
State; and
2. is a degree–seeking, full–time equivalent student in an
undergraduate level, graduate level, or professional degree program.
(iii) “Public institution of higher education” has the meaning stated
in § 10–101 of the Education Article.
(iv) “Recent graduate” means an individual who, within 5 years
before applying for assistance under this section, graduated from a public institution of
higher education in the State with at least:
1. 120 credits in an undergraduate level program; or
2. 30 credits in a graduate level or professional degree
program.
WES MOORE, Governor Ch. 265
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(2) The Administration may administer community development projects
that:
(i) are in sustainable communities approved under § 6–305 of this
article; and
(ii) provide current students and recent graduates with financial
assistance in the form of grants to buy homes near the school of the student or graduate.
(3) A community development project administered under this subsection
is not subject to the provisions of subsection (b)(1) of this section that require part of the
housing to be occupied by families of limited income.
(4) The community development projects administered under this
subsection shall be known as the Live Near Your School program.
(5) The Administration shall adopt regulations to implement the Live Near
Your School program established under this subsection.
(6) FOR FISCAL YEARS 2026 THROUGH 2030, EACH YEAR THE
GOVERNOR SHALL MAY INCLUDE IN THE ANNUAL BUDGET BILL A N APPROPRIATION
OF $200,000 FOR THE LIVE NEAR YOUR SCHOOL PROGRAM ESTABL ISHED UNDER
THIS SUBSECTION .
Chapter 247 of the Acts of 2021
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2021. It shall remain effective for a period of [3] 9 years and, at the end of
September 30, [2024] 2030, this Act, with no further action required by the General
Assembly, shall be abrogated and of no further force and effect.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July
1, 2024.
Approved by the Governor, April 25, 2024.