Department of Housing and Community Development - Appraisal Gap From Historic Redlining Financial Assistance Program - Qualified Properties

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*hb1466*

HOUSE BILL 1466
C9 6lr2758

By: Delegate Wims
Introduced and read first time: February 13, 2026
Assigned to: Economic Matters
Committee Report: Favorable
House action: Adopted
Read second time: March 6, 2026

CHAPTER ______

AN ACT concerning 1

Department of Housing and Community Development – Appraisal Gap From 2
Historic Redlining Financial Assistance Program – Qualified Properties 3

FOR the purpose of expanding the definition of a qualified property for purposes of the 4
Appraisal Gap From Historic Redlining Financial Assistance Program; and generally 5
relating to the Appraisal Gap From Historic Redlining Financial Assistance 6
Program. 7

BY repealing and reenacting, without amendments, 8
Article – Housing and Community Development 9
Section 4–2801(a) and (i) and 4–2802 10
Annotated Code of Maryland 11
(2019 Replacement Volume and 2025 Supplement) 12

BY repealing and reenacting, with amendments, 13
Article – Housing and Community Development 14
Section 4–2801(h) 15
Annotated Code of Maryland 16
(2019 Replacement Volume and 2025 Supplement) 17

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 18
That the Laws of Maryland read as follows: 19

Article – Housing and Community Development 20

2 HOUSE BILL 1466

4–2801. 1

(a) In this subtitle the following words have the meanings indicated. 2

(h) “Qualified property” means residential real property that is: 3

(1) newly constructed or a formerly vacant structure that has been 4
substantially rehabilitated; 5

(2) located in: 6

(i) 1. a low –income census tract as defined by the U.S. 7
Department of Housing and Urban Development; and 8

[(ii)] 2. an area designated as a sustainable community; [and] OR 9

(II) AN AREA THAT MEETS CRITERIA ESTABLISHED BY THE 10
DEPARTMENT FOR THE IDENTIFICATION NEIGHBORHOODS THAT: 11

1. HAVE BEEN HISTORICALLY REDLINED; OR 12

2. HAVE UNDERGONE URBAN RENEWAL; AND 13

(3) constructed or rehabilitated with the purpose of being sold to an 14
owner–occupant at an affordable sales price. 15

(i) “Sustainable community” means an area designated as a sustainable 16
community under § 6–205 of this article. 17

4–2802. 18

(a) There is an Appraisal Gap From Historic Redlining Financial Assistance 19
Program in the Department. 20

(b) The purpose of the Program is to help close appraisal gaps that occur in 21
historically redlined neighborhoods by making financial assistance available to: 22

(1) affordable housing developers working in low–income census tracts and 23
sustainable communities; and 24

(2) individuals who purchase a qualified property: 25

(i) after a qualified project is completed; 26

(ii) at an affordable sales price as determined by regulations adopted 27
by the Department; and 28
HOUSE BILL 1466 3

(iii) as an owner–occupant. 1

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 2
1, 2026. 3

Approved:
________________________________________________________________________________
Governor.
________________________________________________________________________________
Speaker of the House of Delegates.
________________________________________________________________________________
President of the Senate.