Section 4-220 – Infrastructure Project
(a) This section does not apply to a facility if a local obligation that finances the facility is a private activity bond under § 141 of the Internal Revenue Code, for which an allocation under § 146 of the Internal Revenue Code is required. (b) (1) A project, undertaking, or facility qualifies as an infrastructure project if it […]
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 4-207 – Director
(a) With the approval of the Governor, the Secretary shall appoint the Director. (b) The Director serves at the pleasure of the Secretary. (c) The position of Director is in the executive service or management service of the State Personnel Management System. (d) The Director shall operate and exercise the powers of the Administration under the direction of the […]
Section 4-208 – Housing Finance Review Committee
(a) There is a Housing Finance Review Committee. (b) The Housing Finance Review Committee consists of seven members appointed by the Governor on recommendation of the Secretary as follows: (1) three employees of the Department, one of whom may be the Secretary; (2) one employee of the Executive Branch of State government who is not employed by the Department; […]
Section 4-211 – Duties
(a) The Administration shall: (1) assist the Governor in coordinating the activities of governmental units of the State that affect the solution of community development problems and the implementation of community plans; (2) encourage and assist political subdivisions to develop mutual and cooperative solutions to their common problems; (3) serve as a clearinghouse for information and other materials that […]
Section 4-201 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Business project” means a project that qualifies under § 4–223 of this subtitle. (c) “Commercial building” means any building that: (1) is used primarily to carry on a business whether or not for profit; (2) is not a residential building; and (3) is not used primarily to manufacture or […]
Section 4-202 – Findings
The General Assembly finds that: (1) in this era of rapid population growth and expansion and of increasing urbanization, there is a need in many areas of the State to promote sound community development; (2) the political subdivisions do not have adequate resources to deal effectively with all of the problems of sound community development, and the […]
Section 4-203 – Program for Teachers
(a) To attract and retain teachers in the State by increasing homeownership opportunities, the General Assembly finds that there is a need to authorize the Department to develop a program to dedicate up to $25,000,000 over 5 years to provide mortgage loans to teachers at interest rates below the prevailing interest rate for similar programs. (b) (1) A […]