2222                                          LAWS OF MARYLAND                                      Ch. 630

(I) 60 PERCENT OF THE ACTUAL INTEREST COST OF
MONEYS USED TO FUND THE PROGRAM; OR

(II) 4 PERCENT; OR

(2) THE GROUP HOMES ARE TO BE OCCUPIED IN SUBSTANTIAL
PART BY INDIVIDUALS OR FAMILIES WHOSE INCOMES ARE LESS THAN THE
INCOME LIMITS IN PARAGRAPH (1) OF THIS SUBSECTION, IN WHICH CASE
THE RATE MAY NOT BE LESS THAN ZERO PERCENT; AND

(3) THE SECRETARY DETERMINES THAT THE GROUP HOME
SPONSORS UNDER THIS SUBSECTION WOULD OTHERWISE BE UNABLE TO
PROVIDE A GROUP HOME TO OCCUPANTS WITH INCOME LEVELS THAT MEET
THE PROGRAM REQUIREMENT.

(D) FOR A LOAN TO A GROUP HOME SPONSOR, THE DEPARTMENT MAY
SET AN INTEREST RATE LOWER THAN THE INTEREST RATES OTHERWISE
PROVIDED UNDER THIS SECTION, INCLUDING AN INTEREST RATE AS LOW AS
ZERO PERCENT, IF:

(1) THE SECRETARY DETERMINES THAT THE GROUP HOME
SPONSOR WOULD OTHERWISE BE UNABLE TO PROVIDE A GROUP HOME TO
ELIGIBLE LOW INCOME OCCUPANTS; AND

(2) THE GROUP HOME IS TO BE OCCUPIED IN SUBSTANTIAL
PART BY ELIGIBLE OCCUPANTS WHOSE INCOMES ARE LESS THAN 70 PERCENT
OF THE MAXIMUM INCOME LIMITS THAT THE DEPARTMENT MAY ESTABLISH.

[(d)] (E) The Department shall include in its request for
appropriations for the program any information requested by the
Secretary of Budget and Fiscal Planning about loans at lower
rates of interest which shall include, at a minimum, an estimate
of the lower rate or rates of interest at which eligible loans
may be made and the aggregate principal amount of loans expected
to be made at the lower rates in the coming fiscal year.

13-311.

(a)  If an individual applying for a loan is married and
lives with the spouse, both spouses shall apply.

(b)  Except as provided in [subsection (c)] SUBSECTIONS (C)
AND (D) of this section to qualify for a loan, an applicant:

(1)  Shall have been domiciled in this State for at
least 1 year before filing the application;

(2)  Shall intend to live in the home to be financed;

(3)  May not own any other property used or usable as
a residence as of the time of closing;

(4)  May not be financially able to obtain a private
mortgage or otherwise to finance the purchase; and