Maryland Statutes
Title 4 - Division of Development Finance
Subtitle 2 - Community Development Administration

Part I - Definitions; General Provisions

Section 4-201 - Definitions - (a) In this subtitle the following words have the meanings...

Section 4-202 - Findings - The General Assembly finds that: (1) in this era of...

Section 4-203 - Program for Teachers - (a) To attract and retain teachers in the State by...

Section 4-204 - Established - There is a Community Development Administration.

Section 4-205 - Purpose of Administration - The Administration is created to: (1) coordinate activities and programs...

Section 4-206 - Limitation on Grants - (a) Except as provided in subsection (b) of this section,...

Section 4-207 - Director - (a) With the approval of the Governor, the Secretary shall...

Section 4-208 - Housing Finance Review Committee - (a) There is a Housing Finance Review Committee. (b) The...

Part II - Powers and Duties of Administration

Section 4-211 - Duties - (a) The Administration shall: (1) assist the Governor in coordinating...

Section 4-212 - Determination of Families of Limited Income - (a) In establishing the upper income limits for a family...

Section 4-213 - Plan Approval Process - (a) In accordance with regulations that the Secretary adopts, an...

Section 4-214 - Eminent Domain - The Administration has the power of eminent domain, but may...

Section 4-215 - "Live Near Your Work" Program - (a) The Administration shall administer a home buyer assistance program...

Section 4-215.1 - Home Buyer Assistance Program -- Loans -- Marketing of Program -- Regulations -- Annual Report - // EFFECTIVE UNTIL SEPTEMBER 30, 2024 PER CHAPTER 247 OF...

Section 4-216 - Shelter and Transitional Housing Facilities Grant Program - For fiscal year 2018 and each fiscal year thereafter, the...

Part III - Projects

Section 4-217 - Community Development Project - (a) A project, undertaking, or a part of a project...

Section 4-218 - Energy Conservation Project - (a) A project for a residential building qualifies as an...

Section 4-219 - Home Improvement Project - (a) A project or undertaking qualifies as a home improvement...

Section 4-220 - Infrastructure Project - (a) This section does not apply to a facility if...

Section 4-221 - Public Purpose Project - (a) A project or undertaking, including the real, personal, and...

Section 4-222 - Solar Energy Project - (a) A project qualifies as a solar energy project if...

Section 4-223 - Business Project - (a) A project qualifies as a business project if the...

Part IV - Financing

Section 4-225 - Financing Procedures -- in General - (a) The Administration shall administer a program of financial assistance...

Section 4-226 - Financing Procedures -- Powers of Administration - (a) (1) In connection with property on which it holds...

Section 4-227 - Energy Conservation and Solar Energy Financing - (a) The Administration shall coordinate the promotion of its programs...

Section 4-228 - Infrastructure Financing - (a) To finance infrastructure projects, the Administration may: (1) make,...

Section 4-229 - Infrastructure Financing -- Local Obligations - (a) (1) If the Administration purchases a local obligation, the...

Section 4-230 - Issuing Procedures of Local Obligations - (a) (1) Notwithstanding any other public general law, or public...

Section 4-231 - Contents of Enabling Resolution or Ordinance - (a) A resolution or ordinance that authorizes a local obligation...

Section 4-232 - Authorization of Resolution or Ordinance - (a) (1) Each ordinance or resolution enacted under this section:...

Section 4-232.1 - Pledge by County to Secure Local Obligations - (a) Each issuance by a municipal corporation of a local...

Section 4-233 - Pledges Securing Local Obligations - (a) Each issuance of a local obligation under § 4-230...

Section 4-233.1 - Capital Reserve Fund - (a) (1) In this section the following words have the...

Section 4-234 - Guarantee of Loans - (a) In this section, “government–sponsored enterprise” means the Federal National...

Section 4-235 - Mortgage Loans and Reverse Equity Mortgage Loans - (a) (1) In this section the following words have the...

Section 4-236 - Mortgage Lenders - In carrying out this section and §§ 4-237 through 4-241...

Section 4-237 - Mortgage Purchases and Loans - (a) The Administration may: (1) purchase or commit to purchase,...

Section 4-238 - Commitment to Purchase Mortgage Loans - (a) (1) New mortgage loans that the Administration purchases shall...

Section 4-239 - Loans to Eligible Mortgage Lenders - (a) (1) A loan from the Administration to an eligible...

Section 4-240 - Certificate of Mortgage Lender - (a) Except as provided in subsection (c) of this section,...

Section 4-241 - Assignment and Assumption of Residential Mortgage Loans - Except as required to qualify for insurance or guaranty by...

Section 4-242 - Priority to Selling Residential Property Owned by Administration - In providing financial assistance to a homeowner that includes the...

Part V - Development Expenditures; Administration Bonds and Notes

Section 4-244 - Powers of Administration - (a) The Administration may provide financial assistance, meet any development...

Section 4-245 - Authority to Borrow Money and Issue Bonds or Notes - (a) (1) The Administration may: (i) borrow money and issue...

Section 4-246 - Renewal and Refunding - (a) By written determination, the Administration may provide for the...

Section 4-247 - Trust Agreement - (a) (1) Bonds or notes that the Administration issues may...

Section 4-248 - Repayment; Lien - (a) (1) The interest rate or rates on and the...

Section 4-249 - Repurchase; Redemption - (a) Subject to agreements with noteholders or bondholders, the Administration...

Section 4-250 - Bond or Note of Administration -- Legal Status - (a) A bond or note issued by the Administration under...

Section 4-251 - Bonds and Notes Not State Debts - (a) A bond or note issued under this part: (1)...

Section 4-252 - Tax-Exempt Status - The following are exempt at all times from taxation of...

Section 4-253 - Interest Rate Exchange Agreements - To improve the management of debt issued under the provisions...

Part VI - Prohibited Acts; Penalties

Section 4-255 - False Statements or Reports - (a) A person may not knowingly make or cause to...