§ 4–208
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hous. & Cmty. Dev. § 4-208 (2026)
Title 4. Division of Development Finance
Subtitle 2. Community Development Administration
§ 4–208LinkCopy Citation
(a)
There is a Housing Finance Review Committee.
(b)
The Housing Finance Review Committee consists of seven members appointed by the Governor on recommendation of the Secretary as follows:
(1)
three employees of the Department, one of whom may be the Secretary;
(2)
one employee of the Executive Branch of State government who is not employed by the Department; and
(3)
three members of the public.
(c)
(1)
The term of a public member is 4 years and begins on July 1.
(2)
At the end of a term, a public member continues to serve until a successor is appointed and qualifies.
(3)
A public member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.
(d)
(1)
The Housing Finance Review Committee shall review and make recommendations to the Secretary about:
(i)
specific loan requests or categories of loan requests; and
(ii)
the investment and project financing policies of the Administration.
(2)
The Secretary may approve a specific loan request without a recommendation of the Housing Finance Review Committee if the request requires urgent action.