§ 6–203
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hous. & Cmty. Dev. § 6-203 (2026)
Title 6. Division of Neighborhood Revitalization
Subtitle 2. Community Legacy Program
§ 6–203LinkCopy Citation
A corporation, foundation, or other legal entity qualifies as a community development organization if:
(1)
its purpose is to improve the physical, economic, or social environment of the area where it operates; and
(2)
no part of its net earnings inures to the benefit of a private shareholder or individual holding an interest in that entity.