(a) In this subtitle the following words have the meanings indicated. (b) “Fund” means the Neighborhood Housing Services Fund. (c) “Neighborhood corporation” means a neighborhood housing services corporation established in connection with the Neighborhood Reinvestment Corporation. (d) (1) “Operating budget” means the money necessary to operate a neighborhood corporation, including money to pay: (i) administrative, technical, legal, or other expenses; and […]
(a) There is a Neighborhood Housing Services Fund. (b) The Department shall administer the Fund.
The Department may adopt regulations to carry out this subtitle.
(a) To be eligible for a grant under this subtitle, a neighborhood corporation or umbrella corporation shall: (1) submit a timely application in the form that the Secretary prescribes; (2) create a board of directors composed of: (i) a member of the General Assembly; (ii) neighborhood residents; (iii) representatives of local financial institutions; and (iv) representatives of local political subdivisions, if not […]
(a) (1) Each eligible neighborhood corporation may apply for a grant in an amount up to $50,000 that does not exceed one-third of its annual operating budget. (2) Each umbrella corporation may apply for a grant for each program under its supervision in an amount up to $50,000 that does not exceed one-third of the annual operating budget […]
