HARRY HUGHES, Governor
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(2) Long-term unusual expenses such as medical,
rehabilitation, or special education expenses;
(3) Allowances for dependents and family size.
(c) "Department" means the Department of Economic and
Community Development.
(D) "GROUP HOME" MEANS A HOME OFFERING COMMON LIVING,
DINING AND SANITARY FACILITIES, SHARED OR INDEPENDENT SLEEPING
FACILITIES, SUPPORTIVE SERVICES AND SUPERVISORY LIVE-IN PERSONNEL
TO INDIVIDUALS WITH SPECIAL NEEDS FOR GROUP LIVING FACILITIES
WHERE THE INDIVIDUALS ARE NOT RELATED TO THE GROUP HOME SPONSOR.
GROUP HOME SHALL INCLUDE EMERGENCY AND TEMPORARY HOUSING
FACILITIES.
(E) "GROUP HOME SPONSOR" MEANS A NONPROFIT ORGANIZATION
THAT IS A BORROWER UNDER THE PROGRAM WHO OWNS AND OPERATES A
GROUP HOME.
[(d)] (F) "Loan" means a loan of money made by the
Department under this subtitle, or by the Maryland Home Financing
Program before enactment of this subtitle.
[(e)] (G) "Median annual family income" means a figure
reported as median annual family income, by county or region, by
the Census Bureau of the United States Department of Commerce and
updated at least once every 2 years based on current data
published by federal or State agencies.
(H) "NONPROFIT ORGANIZATION" MEANS A CORPORATION,
FOUNDATION, OR OTHER LEGAL ENTITY, NO PART OF THE NET EARNINGS OF
WHICH INURES TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR
INDIVIDUAL HOLDING AN INTEREST IN SUCH ENTITY.
[(f)] (I) "Preferred interest rate" means the interest rate
that the Department sets periodically under § 13-307 of this
subtitle.
[(g)] (J) "Program" means the Home Financing Program.
[(h)] (K) "Region" means an area of the State comprising
one or more counties, established by the Department.
13-302.
The purpose of the program is to help disadvantaged and
low-income citizens of this State to buy homes through loans at a
preferred interest rate, AND TO HELP GROUP HOME SPONSORS BUY AND
MODIFY HOMES THROUGH LOANS AT A PREFERRED INTEREST RATE SO AS TO
PROVIDE GROUP HOMES FOR LOW-INCOME, ELDERLY, HANDICAPPED, AND
OTHER CITIZENS OF THIS STATE WITH SPECIAL HOUSING NEEDS.
13-306.
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