§ 20.30.110. Establishment of sales prices and rental rates of MPDUs.

A.

The initial sales price of the MPDUs shall be set annually within thirty days of the publication of the updated information for the Baltimore Metropolitan Statistical Area (MSA). The sales price may not exceed the affordability of a person or household of appropriate size for a particular MPDU based on eighty percent of that household's median income for the MSA, assuming market rate interest with no more than thirty percent of the annual gross household income being applied toward the cost of housing.

B.

The maximum allowable rental rates for MPDU's are:

1.

One hundred percent of HUD's fair market rents if the landlord pays all utilities (heat, water, sewer, electric, and trash); or

2.

Eighty percent of HUD's fair market rents if the landlord does not pay all utilities (heat, water, sewer, electric, and trash).

C.

MPDU rental rates shall be recalculated each year by the Department of Planning and Zoning based on HUD's recalculation of fair market rents.

(Ord. O-7-03 § 1 (part), 2004)

(Ord. No. O-32-17 Amended, § I, 7-31-2017)

Editor's note

Ord. No. O-32-17 Amended, § I, adopted July 31, 2017, changed the title of § 20.30.110 from "Establishment of initial sales price of MDUs" to read as herein set out. Section II of said ordinance states "Any development applications submitted prior to the effective date of this ordinance shall be evaluated based on Chapter 20.30 as it existed at the time the application was submitted to Planning and Zoning; and development applications submitted after the effective date of this ordinance shall be governed by Chapter 20.30 as amended by this ordinance."