WILLIAM DONALD SCHAEFER, Governor Ch. 224

NEIGHBORHOODS AND COMMUNITIES IN THE STATE HAVING URGENT
NEEDS FOR REINVESTMENT;

(2) MAKE COMMUNITY REINVESTMENT BY FINANCIAL
INSTITUTIONS EASIER AND MORE DESIRABLE BY SPREADING THE
FINANCIAL RISK, AND OFFERING THE EXPERIENCE OF THE STATE IN
PROVIDING COMMUNITY REINVESTMENT LENDING; AND

(3) FORGE PARTNERSHIPS AMONG FINANCIAL INSTITUTIONS
AND THE STATE IN MEETING COMMUNITY REINVESTMENT GOALS.

10-102.

(A) IN THIS TITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B) "BOARD" MEANS THE COMMUNITY REINVESTMENT BOARD,
WHICH IS RESPONSIBLE FOR THE ADMINISTRATION AND OPERATION OF
THE FUND.

(C) "COMMUNITY REINVESTMENT ASSISTANCE" MEANS ANY FORM
OF LOAN, ASSURANCE, GUARANTEE, GRANT, PAYMENT, CREDIT
ENHANCEMENT, OR OTHER ASSISTANCE PROVIDED BY THE FUND AS SET
FORTH IN § 10-109 OF THIS TITLE, AND ANY COMMITMENT TO PROVIDE
ANY SUCH ASSISTANCE.

(D) "COMMUNITY REINVESTMENT PROJECT" MEANS ANY PROJECT
OR PROGRAM ELIGIBLE UNDER § 10 108(A) § 10-108(B) OF THIS TITLE TO
RECEIVE COMMUNITY REINVESTMENT ASSISTANCE FROM THE FUND.

(E) "FUND" MEANS THE COMMUNITY REINVESTMENT FUND, A
PRIVATE AND INDEPENDENT LEGAL ENTITY TO BE ASSISTED BY THE
DEPARTMENT PURSUANT TO THIS TITLE.

(F) "LIMITED INCOME HOUSEHOLDS" MEANS HOUSEHOLDS OR
PERSONS WHOSE INCOMES DO NOT EXCEED UPPER INCOME LIMITS
ESTABLISHED BY THE SECRETARY, TAKING INTO CONSIDERATION
FACTORS INCLUDING:

(1) THE—AMOUNT—OF—THE—TOTAL—INCOME—OF—THE
HOUSEHOLDS AVAILABLE FOR HOUSING NEEDS;

(2) THE SIZE OF THE HOUSEHOLDS;

(3) THE COST AND CONDITIONS OF HOUSING FACILITIES;

(4) THE—ABILITY—OF—THE—HOUSEHOLDS—TO—COMPETE
SUCCESSFULLY IN THE CONVENTIONAL PRIVATE HOUSING MARKET;

AND

(5) RELEVANT STANDARDS AND DEFINITIONS ESTABLISHED
FOR FEDERAL HOUSING PROGRAMS.

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