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ROBERT L. EHRLICH, JR., Governor Ch. 551
(C) THE ADMINISTRATION SHALL FACILITATE THE MARKETING OF THE
PROGRAM WITH PRIVATE EMPLOYERS AND COUNTY AND MUNICIPAL
GOVERNMENTS, AND, WHERE APPROPRIATE, OTHER UNITS OF STATE GOVERNMENT
AND NONPROFIT ORGANIZATIONS.
(D) THE ADMINISTRATION SHALL ADOPT REGULATIONS TO IMPLEMENT THE
PROGRAM ESTABLISHED UNDER THIS SECTION.
4-217.
(a) A project, undertaking, or a part of a project or undertaking, including the
real, personal, and mixed property involved, qualifies as a community development
project if it is planned, acquired, owned, developed, constructed, reconstructed,
rehabilitated, repaired, renovated, or improved to promote sound community
development.
(b) A community development project shall provide for:
(1) new or existing housing:
(i) that is or will be occupied in substantial part by families of
limited income; or
(ii) at least 20% of which is or will be occupied by families of limited
income, if the project is financed with bonds, notes, or other evidences of indebtedness
issued by the Administration, the income from which being includable in the holder's
gross income under the Internal Revenue Code as determined by the Administration
at the time of issue;
(2) any improvements, such as streets, roads, sewer lines, and water
lines that are needed to support the housing; and
(3) the public or private commercial, educational, cultural, recreational,
community, or civic facilities that are needed to support the housing.
(c) A community development project may include public or private
commercial, educational, cultural, recreational, community, or civic facilities that are
not needed to support the housing, if:
(1) they are less than a substantial part of the project; or
(2) the Secretary finds that they will promote sound community
development.
(d) (1) [The requirements of subsection (b)(1) of this section that parts of the
housing be occupied by families of limited income do not apply to a] THE
ADMINISTRATION SHALL ADMINISTER community development [project] PROJECTS
that:
[(1)] (I) [is] ARE in [a] designated [neighborhood] NEIGHBORHOODS
approved under § 6-305 of this article; and
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