(a) The Department shall award operating assistance grants to nonprofit organizations to increase their capacity to participate in housing projects and activities authorized by the programs that are financed through the Homeownership Programs Fund under § 4-502 of this title, the Rental Housing Programs Fund under § 4-504 of this title, the Special Loan Programs Fund […]
(a) The Department shall award operating assistance grants to nonprofit organizations to further the production or rehabilitation of limited income housing by those organizations or by individuals they help. (b) A nonprofit organization is eligible for a grant if it meets the performance and other standards that the Department sets and: (1) makes an application that: (i) describes the […]
A nonprofit organization may use an operating assistance grant for predevelopment, operating, and overhead costs, including: (1) staff costs; (2) organizational costs; and (3) for a grant under § 4-1102 of this subtitle, costs relating to applying for loans or helping individuals to apply for loans.
(a) Operating assistance grants under this subtitle may not exceed the amounts that the Department sets. (b) During a fiscal year, all operating assistance grants under this subtitle shall be made from: (1) up to 1% of the total amount of budgeted money in the Homeownership Programs Fund under § 4-502 of this title, the Rental Housing Programs […]
The Department shall adopt regulations to carry out this subtitle.
