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<section article="ghs" article_name="Housing and Community Development" number="3-201" title_number="3" title_name="Division of Credit Assurance" subtitle_number="2" subtitle_name="Maryland Housing Fund">
  <level label="a">
    <text>In this subtitle the following words have the meanings indicated.</text>
  </level>
  <level label="b">
    <text>“Business project” has the meaning stated in § 4–201 of this article.</text>
  </level>
  <level label="c">
    <text>“Credit enhancement” means a guarantee, including a guarantee of an obligation backed by a pool of mortgages, or other assurance or security device issued to:</text>
    <level label="1">
      <text>improve the credit of a qualified borrowing entity; or</text>
    </level>
    <level label="2">
      <text>upgrade the security or rating of a financial obligation, including:</text>
      <level label="i">
        <text>a mortgage backed security;</text>
      </level>
      <level label="ii">
        <text>a certificate of participation; and</text>
      </level>
      <level label="iii">
        <text>a bond or note issued to finance a development activity described in this subtitle.</text>
      </level>
    </level>
  </level>
  <level label="d">
    <text>“Energy conservation project” has the meaning stated in § 4–201 of this article.</text>
  </level>
  <level label="e">
    <text>“Financing” includes acquisition financing, permanent financing, short–term bridge financing, construction financing, and refinancing of a loan or project authorized under this subtitle.</text>
  </level>
  <level label="f">
    <text>“Fund” means the Maryland Housing Fund.</text>
  </level>
  <level label="g">
    <text>“Housing” includes:</text>
    <level label="1">
      <text>a single dwelling unit;</text>
    </level>
    <level label="2">
      <text>a multiple dwelling unit;</text>
    </level>
    <level label="3">
      <text>an accessory unit residential facility;</text>
    </level>
    <level label="4">
      <text>a shared–living unit facility, accommodating at least two individuals or families, in which some or all of the living, dining, kitchen, or sanitary facilities are shared; and</text>
    </level>
    <level label="5">
      <text>an ancillary commercial or other facility that is related to, incidental to, and supportive of the housing.</text>
    </level>
  </level>
  <level label="h">
    <text>“Infrastructure project” has the meaning stated in § 4–201 of this article.</text>
  </level>
  <level label="i">
    <text>“Mortgage” includes:</text>
    <level label="1">
      <text>a deed of trust, a security agreement, and a pledge; and</text>
    </level>
    <level label="2">
      <text>any other security arrangement securing a loan, including a mortgage, to finance:</text>
      <level label="i">
        <text>the purchase of stock or membership in a cooperative ownership housing corporation; or</text>
      </level>
      <level label="ii">
        <text>the construction or rehabilitation of dwelling units in a cooperative ownership housing corporation.</text>
      </level>
    </level>
  </level>
  <level label="j">
    <text>“Public purpose project” has the meaning stated in § 4–201 of this article.</text>
  </level>
  <level label="k">
    <text>“Solar energy project” has the meaning stated in § 4–201 of this article.</text>
  </level>
</section>
