A corporation, foundation, or other legal entity qualifies as a community development organization if:
(1) its purpose is to improve the physical, economic, or social environment of the area where it operates; and
(2) no part of its net earnings inures to the benefit of a private shareholder or individual holding an interest in that entity.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 6 - Division of Neighborhood Revitalization
Subtitle 2 - Community Legacy Program
Section 6-202 - Community Legacy Program
Section 6-203 - Community Development Organization
Section 6-204 - Applications for Sustainable Community Plans
Section 6-205 - Designation of Sustainable Community
Section 6-206 - Action on Application
Section 6-207 - Community Legacy Agreement
Section 6-208 - Powers of Department to Implement Program
Section 6-209 - Neighborhood Intervention Projects
Section 6-211 - Community Legacy Financial Assistance Fund
Section 6-212 - Sustainable Communities -- Priority for State Funding