Ch. 224 LAWS OF MARYLAND
10-108.

(A) THE SECRETARY SHALL ESTABLISH UPPER INCOME LIMITS FOR
LIMITED INCOME HOUSEHOLDS, TAKING INTO CONSIDERATION
FACTORS INCLUDING:

11) 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.

(A) (B) A COMMUNITY REINVESTMENT PROJECT SHALL:

(1) BE DESIGNATED BY A WRITTEN DETERMINATION OF THE
SECRETARY AS MEETING THE NEEDS OF ANY OF THE FOLLOWING:

(I) AFFORDABLE HOUSING FOR LIMITED INCOME
HOUSEHOLDS IN THE STATE;

(II) CAPITAL, OPERATING, AND OTHER CREDIT NEEDS OF

SMALL BUSINESSES IN THE STATE; OR

(III) CAPITAL, OPERATING, AND OTHER CREDIT NEEDS OF
INDIVIDUALS, COMMUNITY ORGANIZATIONS, AND BUSINESSES
LOCATED IN OR SERVING COMMUNITIES OR NEIGHBORHOODS IN THE
STATE HAVING URGENT NEEDS FOR REINVESTMENT DUE TO
DETERIORATING SOCIAL OR ECONOMIC CONDITIONS;

(2) CONFORM TO SPECIFIC ELIGIBILITY GUIDELINES AND
FINANCING POLICIES CONSISTENT WITH THIS SECTION AS DEVELOPED
BY THE BOARD AND APPROVED BY THE SECRETARY; AND

(3) BE SUBMITTED TO AND APPROVED BY THE LOAN
COMMITTEE APPOINTED BY THE BOARD.

(B) (C) (1) APPLICATIONS FOR COMMUNITY REINVESTMENT
ASSISTANCE SHALL BE MADE TO THE DEPARTMENT, TO THE
DEPARTMENT OF ECONOMIC AND EMPLOYMENT DEVELOPMENT, Oft TO
ENTITIES CONTRIBUTING TO THE FUND, OR, IF PERMITTED BY THE
BOARD, DIRECTLY TO THE FUND.

(2) THE DEPARTMENT AND THE DEPARTMENT OF ECONOMIC
AND EMPLOYMENT DEVELOPMENT MAY ASSIST PROVIDE TECHNICAL

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