Code of Maryland Regulations › Title 05 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT › Subtitle 12 - FEDERAL HOUSING PROGRAMS › Chapter 05.12.02 - Financing Adjustment Factor Funds › Section 05.12.02.03 - Definitions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) "Administration" means the Community Development Administration.
(2) "Community development project" has the meaning stated in Housing and Community Development Article, §
										4-217, Annotated Code of Maryland.
(3) "Community Legacy Program" means the program authorized by Housing and Community Development Article, Title 6, Subtitle 2, Annotated Code of Maryland.
(4) "Decent, safe, and sanitary housing" means housing that meets the standards determined under 24 CFR §
											5.703.
(5) "Distressed area" has the meaning stated in Housing and Community Development Article, §
										4-221(e), Annotated Code of Maryland.
(6) "Energy conservation project" has the meaning stated in Housing and Community Development Article, §
										4-218, Annotated Code of Maryland.
(7) "FAF funds" means funds:
(a) Realized from the refunding of tax-exempt bonds of the Administration secured by mortgages on projects that receive assistance from the United States of America, acting through HUD under Section 8 of the United States Housing Act of 1937, 42 U.S.C. §
												1437, as amended; and
(b) Granted to the State under the Stewart B. McKinney Homeless Assistance Amendments Act of 1988, P.L. 100-628, as amended.
(8) "Families of limited incomes" means families or persons whose annual incomes do not exceed upper income limits established by the Secretary in accordance with COMAR 05.05.02.04B.
(9) "Home improvement project" has the meaning stated in Housing and Community Development Article, §
										4-219, Annotated Code of Maryland.
(10) "Household" means one or more persons occupying a housing unit.
(11) "Local development agency" has the meaning stated in Housing and Community Development Article, §
										4-201(l), Annotated Code of Maryland.
(12) "Local development corporation" has the meaning stated in Housing and Community Development Article, §
										4-201(m), Annotated Code of Maryland.
(13) "HUD" means the United States Department of Housing and Urban Development.
(14) "Multifamily programs" means the:
(a) Elderly Rental Housing Program authorized under Housing and Community Development Article, §
											4-402, Annotated Code of Maryland;
(b) Low Income Housing Tax Credit Program authorized under Housing and Community Development Article, §
											2-111 and State Finance and Procurement Article, §§ 5-7 B-01-5-7B-10, Annotated Code of Maryland;
(c) Multifamily Bond Program and Multfamily Home and Energy Loan Program authorized under Housing and Community Development Article, Title 4, Subtitle 2, Annotated Code of Maryland;
(d) Multifamily Rehabilitation Program of the Maryland Housing Rehabilitation Program authorized under Housing and Community Development Article, §
											4-906, Annotated Code of Maryland;
(e) Nonprofit Rehabilitation Program authorized under Housing and Community Development Article, §
											4-929, Annotated Code of Maryland;
(f) Partnership Rental Housing Program authorized under Housing and Community Development Article, Title 4, Subtitle 12, Annotated Code of Maryland;
(g) Rental Housing Production Program authorized under Housing and Community Development Article, §
											4-1502, Annotated Code of Maryland; and
(h) Shelter and Transitional Facilities Grant Program authorized under Ch. 73, Acts of 1993; Ch. 115, Acts of 1994; Ch. 131, Acts of 1995; Ch. 125, Acts of 1996; Ch. 600, Acts of 1997; Ch. 109 and Ch. 138, Acts of 1998; Ch. 118 and Ch. 212, Acts of 1999.
(15) "Maryland HOME Program" means the program authorized under Housing and Community Development Article, Title 4, Subtitle 2, Annotated Code of Maryland.
(16) "Municipality" means a municipal corporation in the State subject to the provisions of Article XI-E of the Constitution of the State, the Mayor and City Council of Baltimore, or one of the 23 counties of Maryland.
(17) "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 an interest in the entity.
(18) "Public purpose project" has the meaning stated in Housing and Community Development Article, §
										4-221(d), Annotated Code of Maryland.
(19) "Secretary" means the Secretary of Housing and Community Development.
(20) "Single Family Programs" means the:
(a) Accessory, Shared, and Sheltered Housing Program authorized under Housing and Community Development Article, §
											4-926, Annotated Code of Maryland;
(b) Federal Lead Hazard Reduction Program authorized under Housing and Community Development Article, §§
											4-211(a)(8)  and (9), Annotated Code of Maryland;
(c) Group Home Financing Program authorized under Housing and Community Development Article, §
											4-602, Annotated Code of Maryland;
(d) Home and Energy Loan Program (one-to-four units) authorized under Housing and Community Development Article, Title 4, Subtitle 2, Annotated Code of Maryland;
(e) Indoor Plumbing Program authorized under Housing and Community Development Article, §
											4-927, Annotated Code of Maryland;
(f) Lead Hazard Reduction Grant Program and Lead Hazard Reduction Loan Program authorized under Housing and Community Development Article, Title 4, Subtitle 7, Annotated Code of Maryland;
(g) Maryland Home Financing Programs, authorized by Housing and Community Development Article, Title 4, Subtitle 8, Annotated Code of Maryland;
(h) The Maryland Mortgage Program, authorized by Housing and Community Development Article, Title 4, Subtitle 2, Annotated Code of Maryland;
(i) Regular Rehabilitation Program of the Maryland Housing Rehabilitation Program authorized under Housing and Community Development Article, §
											4-906, Annotated Code of Maryland;
(j) Settlement Expense Loan Program authorized by Housing and Community Development Article, Title 4, Subtitle 3, Annotated Code of Maryland; and
(k) Special Housing Opportunities Program authorized under Housing and Community Development Article, Title 4, Subtitle 2, Annotated Code of Maryland.
(21) "Solar energy project" has the meaning stated in Housing and Community Development Article, §
										4-201(s), Annotated Code of Maryland.
(22) "Special housing facility" has the meaning stated in Housing and Community Development Article, §
										4-201(t), Annotated Code of Maryland.
(23) "Sponsor" means an applicant that develops a project and receives a loan or grant of FAF funds.
(24) "Very low-income households" means very low-income families as provided in 42 U.S.C. §
											1437a.