AN ACT CONCERNING HOUSING INVESTMENT TRUST FUND-SUSTAINABLE SOURCE OF FUNDING for the purpose of establishing a sustainable source of funding for the Housing Investment Trust Fund by reallocating a certain percentage of the County’s recordation taxes to provide support for the fund; requiring certain financing for the fund; permitting the County Council to reduce the percentage dedicated to the Housing Investment Trust Fund when there is a declared national recession; requiring an annual report; and generally relating to the Housing Investment Trust Fund.

Committee

County Council

Requested by

Dannielle M. Glaros

Introduced

December 14, 2020

On agenda

March 30, 2021

Passed

March 30, 2021

Enacted

March 9, 2021

Enactment no.

3/30/2021 @ 11:30 AM