§ 4–607
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hous. & Cmty. Dev. § 4-607 (2026)
Title 4. Division of Development Finance
Subtitle 6. Group Home Financing Program
§ 4–607LinkCopy Citation
To qualify for a Program loan, a group home sponsor shall own and operate a group home and be:
(1)
a nonprofit organization;
(2)
an individual; or
(3)
a limited partnership if:
(i)
(1)
each general partner qualifies as a nonprofit organization; or
(2)
each general partner is a wholly owned subsidiary of a nonprofit organization;
(ii)
the limited partnership is formed to undertake a group home project that is totally or partly eligible for a federal low income housing tax credit program or any other federal program or incentive; and
(iii)
a nonprofit organization manages the project or receives the net cash flow from or the residual sale proceeds on sale of the group home.