§ 10. Affordable housing funds.

(a) Authorization.

By Ordinance, the Mayor and City Council of Baltimore may establish 1 or more continuing, nonlapsing funds for purposes of promoting economically diverse housing in City neighborhoods, including:

(1) providing assistance, by loan, grant, or otherwise, for the planning, production, maintenance, or expansion of affordable housing in the City;

(2) providing assistance, by loan, grant, or otherwise, to persons unable to obtain affordable housing; and

(3) otherwise increasing housing opportunities for working families and other persons of low and moderate income.

(b) Revenue sources.

A fund established under this section may comprise:

(1) money appropriated to the fund in the annual Ordinances of Estimates; and

(2) grants or donations made to the fund.

(c) Continuing nature of fund.

Notwithstanding any other provision of this Charter, unspent portions of a fund established under this section:

(1) remain in the fund, to be used exclusively for their ordained purposes;

(2) do not revert to the general revenues of the City; and

(3) their appropriations do not lapse.