For the purposes of effectuating and carrying out the provisions of this article, the county is hereby empowered, and the county executive is hereby authorized on the county's behalf consistent with any other applicable provision of law, to undertake the following:
(a) Housing site fund. Establish and maintain a housing site fund.
(b) Public funds. Expend public funds from the housing site fund for any of the purposes set forth in this article.
(c) Acquisition of land and property. Acquire, within the boundary lines of the county, and in accord with the county's policy on the dispersal of low and moderate income housing, by lease, purchase, gift or otherwise, real and personal property of every kind, and any right, title, interest, franchise, easement or privilege therein for use in implementing the provisions of this article.
(d) Disposition of property. Grant, sell, lease, convey, transfer or otherwise dispose of or return any of the aforesaid real property to any private or public or quasi-public corporation, partnership, association, person, developer or other legal entity for the purpose of constructing dwellings or housing for persons of eligible income, upon such terms and conditions as shall be determined by the county; provided, that such disposition, grant or lease of any such property shall first have been advertised once a week for three (3) successive weeks in one (1) or more newspapers of general circulation published in the county, stating the terms and the compensation to be received therefor, and giving opportunity for objection thereto, and provided also, that notice of such disposition, grant or lease shall have been given to the county council prior to such advertisement. All proceeds of any such sale or lease shall be credited to the housing site fund. The authority provided by this subsection may be exercised without regard to whether or not the property has been developed, redeveloped or altered, or is unimproved and irrespective of the manner in or means by which it may have been acquired.
(e) Obtain services. Arrange or contract for the furnishing by any person or agency, public or private, of services, privileges, works or facilities for, or in connection with the acquisition of, land and property pursuant to the provisions of this article. Payment for such services shall be made from the housing site fund.
(f) Exercise of powers. Exercise all, or any portion or combination of the powers and authorization herein granted, in accordance with the capital improvements programs and capital budgets approved by the county council. (1974 L.M.C., ch. 16, § 1.)