§ 4–1001
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hous. & Cmty. Dev. § 4-1001 (2026)
Title 4. Division of Development Finance
Subtitle 10. Neighborhood Housing Services Fund
§ 4–1001LinkCopy Citation
(a)
In this subtitle the following words have the meanings indicated.
(b)
“Fund” means the Neighborhood Housing Services Fund.
(c)
“Neighborhood corporation” means a neighborhood housing services corporation established in connection with the Neighborhood Reinvestment Corporation.
(d)
(1)
“Operating budget” means the money necessary to operate a neighborhood corporation, including money to pay:
(i)
administrative, technical, legal, or other expenses; and
(ii)
expenses incurred by an umbrella corporation in operating programs.
(2)
“Operating budget” does not include money allocated to revolving or other loan funds.
(e)
“Program” means a program that a neighborhood corporation establishes and supervises to achieve its goals and to provide services within a specific neighborhood.
(f)
“Umbrella corporation” means a neighborhood corporation that establishes and supervises at least two programs.