Ch. 220

LAWS OF MARYLAND

(1)  THE SITE ACQUISITION AND CONSTRUCTION COSTS AS
WELL AS A PERMANENT MORTGAGE FOR A GROUP HOME;

(2)  THE PURCHASE OF AN EXISTING BUILDING TO PROVIDE A
GROUP HOME;

(3)  MODIFICATIONS TO A BUILDING PURCHASED WITH A
LOAN ;

(4)  CLOSING COSTS ASSOCIATED WITH THE CONSTRUCTION OR
PURCHASE OF A GROUP HOME;

(5)  ENGINEERING, LEGAL, TITLE, SURVEY, OR
ARCHITECTURAL FEES ASSOCIATED WITH FINANCING REAL PROPERTY
DEVELOPMENT; AND

(6)  OTHER DEVELOPMENT COSTS DEEMED REASONABLE BY THE
DEPARTMENT.

(E) IF A LOAN IS IN DEFAULT, THE DEPARTMENT MAY MODIFY THE
RATE OF INTEREST, THE TIME OR AMOUNT OF PAYMENT, OR ANY OTHER
TERM OF A LOAN IN ORDER TO ENSURE REPAYMENT OF THE LOAN AND
ACHIEVE THE PURPOSES OF THE PROGRAM.

2-706.

IN APPROVING APPLICATIONS FOR LOANS THE DEPARTMENT SHALL
CONSIDER:

(1)  THE ECONOMIC FEASIBILITY OF THE GROUP HOME; AND

(2)  THE GROUP HOME SPONSOR'S CAPABILITY TO MANAGE THE
GROUP HOME, PROVIDE NECESSARY SERVICES, AND REPAY THE LOAN.

2-707,

THE DEPARTMENT MAY ESTABLISH:

(1)  STANDARDS OF ELIGIBILITY FOR GROUP HOME SPONSORS;

(2)  LOAN FEES AND CHARGES;

(3)  MAXIMUM AMOUNTS WHICH MAY BE LOANED FOR GROUP
HOMES BASED UPON THE SIZE, USE, AND GEOGRAPHIC LOCATION OF THE
GROUP HOME; AND

(4)  A PROCESS FOR SELECTING GROUP HOMES TO BE
FINANCED UNDER THE PROGRAM THAT PROMOTES A STATEWIDE DISTRIBUTION
OF FUNDS.

2-708.

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