Ch. 389                                          LAWS OF MARYLAND

(b) (1) There is a Housing Finance Review Committee of the
Department.

(2) Upon recommendation of the Secretary, the
Governor shall appoint the following persons to serve as the
Housing Finance Review Committee:

(i) 3 employees of the Department, one of whom
may be the Secretary;

(ii) 1 employee of the Executive Branch of
State government, who is not employed by the Department; and

(iii) 3 members of the public.

[(3) The public members shall include the chairman
of the Maryland Housing Policy Commission OR THE DESIGNEE THAT
THE CHAIRMAN APPOINTS WITH THE ADVICE OF THE SECRETARY.]

[(4)] (3)] [ [Except for the chairman of the
Maryland Housing Policy Commission, the] THE public members shall
serve for a term of 4 years beginning July 1, 1983, provided that
a member appointed to fill a vacancy in an unexpired term or to
succeed a member who is holding over serves only for the
remainder of the term.

[(5)] (4) The Housing Finance Review Committee
shall review and make recommendations to the Secretary on the
following:

(i) Specific loan requests or categories of
loan requests; and

(ii) The investment and project financing
policies of the Administration.

[(6)] (5) The Secretary may approve a specific
loan request without receiving the recommendation of the Housing
Finance Review Committee when the nature of the request requires
urgent action.

2-203.

(f) "Community development project" means any undertaking
or project, or portion thereof, including lands, buildings and
improvements, real, mixed and personal properties or interest
therein that is planned, acquired, owned, developed, constructed,
reconstructed, rehabilitated, repaired, renovated, or improved
for the purposes of promoting sound community development. A
community development project:

(1) [shall] SHALL provide for existing or new housing
which is or which will be occupied:

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