(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 […]
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 […]
(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 […]
There is a Community Development Administration.
The Administration is created to: (1) coordinate activities and programs that contribute to sound community development; (2) encourage and facilitate the development of new and existing communities by reducing the costs of development through grants, loans, and other forms of financial assistance; (3) encourage and facilitate energy conservation and the use of solar energy in residential buildings and […]
(a) Except as provided in subsection (b) of this section, a grant of land or money may be made only to a political subdivision, a local development entity, a local development agency, or a nonprofit organization. (b) (1) This section does not apply to grants that may be awarded to the Administration under federal law. (2) The Administration may […]
(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 […]
(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; […]
