Section 4-221 – Public Purpose Project
(a) A project or undertaking, including the real, personal, and mixed property involved, qualifies as a public purpose project if it is planned, acquired, owned, developed, constructed, reconstructed, rehabilitated, repaired, renovated, or improved with the financial assistance of the Administration or the assistance of federal low-income housing credits authorized by the Internal Revenue Code, and it […]
Section 4-222 – Solar Energy Project
(a) A project qualifies as a solar energy project if it: (1) is an addition, alteration, or improvement to a residential building or a commercial building; and (2) is designed to reduce the energy requirements of the building by using: (i) wind energy; (ii) energy from a wood-burning appliance; or (iii) solar energy of: 1. the active type based on mechanically forced […]
Section 4-223 – Business Project
(a) A project qualifies as a business project if the project is: (1) located in: (i) an area designated as a priority funding area under § 5–7B–02 of the State Finance and Procurement Article; or (ii) a qualified opportunity zone designated under § 1400Z–1 of the Internal Revenue Code in Allegany County, Garrett County, Somerset County, or Wicomico County; […]
Section 4-225 – Financing Procedures — in General
(a) The Administration shall administer a program of financial assistance for: (1) community development projects; (2) energy conservation projects; (3) home improvement projects; (4) public purpose projects; (5) solar energy projects; (6) special housing facilities; and (7) business projects. (b) The Administration shall provide financial assistance for projects and facilities under this section with money that the Administration can get for them from any […]
Section 4-226 – Financing Procedures — Powers of Administration
(a) (1) In connection with property on which it holds a mortgage, the Administration may: (i) foreclose on the property; (ii) begin an action to protect or enforce a right conferred on the Administration by law or any agreement; (iii) bid for and purchase the property at a foreclosure or other sale; and (iv) acquire and take possession of the property. […]
Section 4-227 – Energy Conservation and Solar Energy Financing
(a) The Administration shall coordinate the promotion of its programs of financial assistance for energy conservation projects with the energy conservation promotion programs of the Maryland Energy Office. (b) (1) The Administration shall adopt regulations to establish and implement programs of financial assistance for energy conservation projects and solar energy projects. (2) These regulations shall be consistent with the […]
Section 4-212 – Determination of Families of Limited Income
(a) In establishing the upper income limits for a family of limited income, the Secretary shall consider factors including: (1) the income of the family available for housing; (2) the size of the family; (3) the cost and condition of available housing; (4) the ability of the family to compete in the private housing market; and (5) standards and definitions established […]
Section 4-228 – Infrastructure Financing
(a) To finance infrastructure projects, the Administration may: (1) make, purchase, and participate in making loans; (2) purchase local obligations issued to finance such projects; and (3) provide any other form of financial assistance other than grants. (b) All transactions under subsection (a) of this section shall be evidenced by instruments containing the terms and conditions necessary to secure payment […]
Section 4-213 – Plan Approval Process
(a) In accordance with regulations that the Secretary adopts, an agreement that the Administration makes to carry out its functions and responsibilities under §§ 4–211, 4–214, and 4–225 through 4–235 of this subtitle shall be approved by: (1) the Secretary; and (2) the Board of Public Works, if its approval is required by law. (b) The Administration shall provide […]
Section 4-229 – Infrastructure Financing — Local Obligations
(a) (1) If the Administration purchases a local obligation, the procedures and requirements for the issuance or sale of the local obligation shall be as provided in §§ 4–230 through 4–233 of this subtitle. (2) Notwithstanding any other public general law or public local law, charter, or ordinance, an issuer of a local obligation may sell a local […]