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<section article="ghs" article_name="Housing and Community Development" number="4-2802" title_number="4" title_name="Division of Development Finance" subtitle_number="28" subtitle_name="Appraisal Gap from Historic Redlining Financial Assistance Program">
  <level label="a">
    <text>There is an Appraisal Gap From Historic Redlining Financial Assistance Program in the Department.</text>
  </level>
  <level label="b">
    <text>The purpose of the Program is to help close appraisal gaps that occur in historically redlined neighborhoods by making financial assistance available to:</text>
    <level label="1">
      <text>affordable housing developers working in low–income census tracts and sustainable communities; and</text>
    </level>
    <level label="2">
      <text>individuals who purchase a qualified property:</text>
      <level label="i">
        <text>after a qualified project is completed;</text>
      </level>
      <level label="ii">
        <text>at an affordable sales price as determined by regulations adopted by the Department; and</text>
      </level>
      <level label="iii">
        <text>as an owner–occupant.</text>
      </level>
    </level>
  </level>
</section>
