Ch. 222

LAWS OF MARYLAND

(a)   In this subtitle the following words have the meanings
indicated.

(b)   "Administration" means the Community Development
Administration of the Department of Housing and Community
Development.

(c)   "Applicant" means private or nonprofit sponsors,
counties, municipalities, or local housing agencies established
under Article 44A of the Code.

(D)   "ELDERLY HOUSEHOLD" MEANS AN INDIVIDUAL OR GROUP OF
INDIVIDUALS OCCUPYING A RESIDENTIAL HOUSING UNIT, ONE OF WHOM IS
62 YEARS OF AGE OR OLDER, OR IS PHYSICALLY HANDICAPPED AND WOULD
QUALIFY AS AN ELDERLY PERSON UNDER FEDERAL HOUSING PROGRAMS.

(E)   "ELDERLY RENTAL HOUSING PROJECT" OR "PROJECT" MEANS ANY
PROJECT OR UNDERTAKING FOR THE ACQUISITION, CONSTRUCTION, OR
REHABILITATION OF BUILDINGS AND IMPROVEMENTS, OR ANY PORTION
THEREOF, INCLUDING SINGLE ROOM OCCUPANCY AND SHARED LIVING UNIT
FACILITIES, WHICH BUILDINGS AND IMPROVEMENTS OR PORTIONS THEREOF
WILL BE OCCUPIED BY LOW INCOME ELDERLY HOUSEHOLDS AS FOLLOWS:

(1)  FOR PROJECTS OR UNDERTAKINGS WHICH QUALIFY FOR
FEDERAL LOW INCOME TAX CREDITS, THE NUMBER OF RESIDENTIAL UNITS
IN THE UNDERTAKING SELECTED BY THE SPONSOR TO SATISFY THE FEDERAL
REQUIREMENTS WILL BE OCCUPIED BY LOW INCOME ELDERLY HOUSEHOLDS;
OR

(2)  FOR ALL OTHER PROJECTS, ALL RESIDENTIAL UNITS
WILL BE OCCUPIED BY LOW INCOME ELDERLY HOUSEHOLDS.

(F)   "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 ANY INTEREST IN SUCH ENTITY.

(G)   "NONPROFIT SPONSOR" MEANS A SPONSOR THAT IS:

(1)  A NONPROFIT ORGANIZATION; OR

(2)  A LIMITED PARTNERSHIP IF:

(I)  EACH OF THE GENERAL PARTNERS QUALIFIES AS A
NONPROFIT ORGANIZATION; OR

(II) 1. THE LIMITED PARTNERSHIP IS A WHOLLY
OWNED SUBSIDIARY OF A NONPROFIT ORGANIZATION;

2. THE LIMITED PARTNERSHIP IS FORMED FOR
THE PURPOSE OF UNDERTAKING A PROJECT THAT IS ELIGIBLE IN WHOLE OR
IN PART FOR FEDERAL PROGRAMS OR INCENTIVES, INCLUDING LOW INCOME
HOUSING TAX CREDITS; AND

- 2154 -