By Ordinance, the Mayor and City Council of Baltimore may establish 1 or more continuing,
nonlapsing funds for purposes of promoting economically diverse housing in City
(1)providing assistance, by loan, grant, or otherwise, for the planning, production,
maintenance, or expansion of affordable housing in the City;
(2)providing assistance, by loan, grant, or otherwise, to persons unable to obtain affordable
(3)otherwise increasing housing opportunities for working families and other persons of low
and moderate income.
(b) Revenue sources.
A fund established under this section may comprise:
(1)money appropriated to the fund in the annual Ordinances of Estimates; and
(2)grants or donations made to the fund.
(c) Continuing nature of fund.
Notwithstanding any other provision of this Charter, unspent portions of a fund established under
(1)remain in the fund, to be used exclusively for their ordained purposes;
(2)do not revert to the general revenues of the City; and
(3)their appropriations do not lapse.
(Res. 06-015, ratified Nov. 7, 2006.)