# Housing and Community Development (GHS)

## Title 4. Division of Development Finance

### Subtitle 8. Maryland Home Financing Program

#### Section 4-813

(a) To qualify for a short-term construction loan under Sec. 4-804(2) of this subtitle, a developer or nonprofit sponsor shall:

  (1) provide construction costs, marketing data, and other information the Department requires; and

  (2) have a commitment from the Department under Sec. 4-815(j) of this subtitle for permanent financing for the sale of each residence to be built or rehabilitated with the short-term construction loan.

(b) To qualify for a short-term loan under Sec. 4-804(3) of this subtitle, a nonprofit sponsor:

  (1) shall provide:

    (i) information on the costs of the proposed undertaking;

    (ii) marketing data; and

    (iii) other information the Department requires; and

  (2) shall have:

    (i) a commitment from the Department for permanent financing for the sale of each residence built or rehabilitated with the short-term loan; or

    (ii) approval from the Department to rent the residence subject to a lease purchase agreement acceptable to the Department.

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