Corporations and Associations - Cooperative Limited Equity Housing Corporations - Establishment

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill creates a new type of nonprofit housing cooperative and outlines how a Maryland non‑stock corporation can convert into one. It requires notices and offers to current tenants, limits resale profits, and protects low‑income, disabled and senior households. The measure aims to increase affordable home ownership while giving the state housing department oversight.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Economic Matters — Bill Hearing
  Economic Matters · Feb 10, 2026

History

1. Apr 28, 2026Approved by the Governor - Chapter 260
2. Apr 13, 2026Third Reading Passed
3. Apr 13, 2026Returned Passed
4. Apr 9, 2026Second Reading Passed
5. Apr 9, 2026Favorable Report by Judicial Proceedings
6. Apr 9, 2026Favorable Adopted
7. Feb 27, 2026Referred Judicial Proceedings
8. Feb 26, 2026Third Reading Passed
9. Feb 25, 2026Second Reading Passed with Amendments
10. Feb 25, 2026Favorable with Amendments {
11. Feb 24, 2026Favorable with Amendments Report by Economic Matters
12. Jan 19, 2026Hearing 2/10 at 1:00 p.m.

The 12 most recent of 14 recorded actions.

Sponsors

• Charkoudian · sponsor

Bill text

Opens the legislature’s own copy.

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