# Housing and Community Development (GHS)

## Title 4. Division of Development Finance

### Subtitle 10. Neighborhood Housing Services Fund

#### Section 4-1001

(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.

---

Md. Code Ann., Hous. & Cmty. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)