Sec. 05.05.06.01. General  


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  • These regulations prescribe the policies, procedures, and authorizations for allocating federal low-income housing tax credits to eligible housing projects. The credits are created by the federal Tax Reform Act of 1986 and are allocated to each state on a per capita basis. The Governor of Maryland has designated the Department of Housing and Community Development as the housing credit agency with the responsibility for allocating the tax credits.