Ch. 499

2004 LAWS OF MARYLAND

(h) "Community legacy plan" means a plan submitted by a sponsor to the
Board for approval which may consist of one or more community legacy projects
designed to prevent or reverse decline or disinvestment in a community legacy area
through improvements in residential, commercial, or other public or private
properties.

(i) (1) "Community legacy project" means a project or projects submitted by
a sponsor to the Board for approval in accordance with this subtitle.

(2) "Community legacy project" includes projects to:

(i) Create, improve, or preserve housing opportunities, including
the acquisition, construction, rehabilitation, or improvement of new or existing
homeownership or rental properties;

(ii) Strategically demolish buildings or improvements to enhance
the use of land;

(iii) Create, improve, or preserve mixed-use or commercial
development, including any appropriate combination of properties related to
business, housing, open-space, and institutional uses;

(iv) Develop public infrastructure that is incidental to the
implementation of a community legacy project, such as streets, parking, public
utilities, landscaping, lighting, and improvements to pedestrian and bicycle
circulation;

(v) Encourage and develop cooperative ownership control of
open-space;

(vi) Develop or create strategies targeted at increasing investment
in existing communities, including outreach activities designed to attract business,
capital, residents, and visitors and the development and maintenance of resources
directly related to the development of a community legacy plan or the implementation
of a community legacy project;

(vii) Acquire or improve vacant buildings or unimproved land,
including the practice of landbanking;

(viii) Provide [financing] FINANCIAL ASSISTANCE for a
neighborhood intervention project; or

(ix) Develop any other community legacy plans or implement any
other community legacy projects that the Board deems necessary to further the
purposes of this subtitle.

(j) "Financial assistance" includes:

(1)     A grant;

(2)     A loan;

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