WILLIAM DONALD SCHAEFER, Governor                   Ch. 311

[(i)] (1) Must be a resident of or have a
principal place of business in the State [of Maryland];

[(ii)] (2) Must have been denied a loan by a
private lending institution, or else have received a commitment
from a private lending institution for less than the amount of
funds required to finance the necessary health and safety
improvements; and

[(iii)] (3) Must have submitted to the

Department a plan for the necessary health and safety

improvements that has been approved by the Office of

Environmental Programs of the State Department of Health and
Mental Hygiene.

[(5)] (E) To the extent determined by the Secretary,
the program shall be administered in conjunction with any
appropriate federal programs.

[(e) (1)] 2-305. (A) The Nonprofit Rehabilitation Program
is created within the Maryland Housing Rehabilitation Program.

[(2)] (B) The Department shall operate the Program
and make loans from the fund for rehabilitation projects to
nonprofit sponsors under the provisions of this [section]
SUBTITLE.

[(3)] (C) To qualify for a nonprofit rehabilitation
loan, a nonprofit sponsor:

[(i)] (1) Must be the owner of or be acting on
behalf of the owner of the building to be rehabilitated;

[(ii)] (2) Must use the proceeds of the loan
for a rehabilitation project which will provide dwelling units or
residential facilities for occupancy by families of limited
income; and

[(iii)] (3) Must demonstrate the capability to
manage the rehabilitated project and pay back the loan.

[(4)] (D) The terms and provisions for nonprofit
rehabilitation loans shall satisfy the requirements of §
[ll-702(c)(6)] 2-303(G) OF THIS SUBTITLE.

[(f) (1)] 2-306. (A) The Accessory, Shared and Sheltered
Housing Program is created within the Maryland Housing
Rehabilitation Program.

[(2)] (B) The Department shall operate the Program
and make loans for rehabilitation costs for accessory, shared and
sheltered housing from the fund under the provisions of this
[section] SUBTITLE.

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