§ 6–501

Statutes in effect as of October 1, 2026.

Md. Code Ann., Hous. & Cmty. Dev. § 6-501 (2026)

Title 6. Division of Neighborhood Revitalization

Subtitle 5. Baltimore Regional Neighborhood Initiative Program

(a)

In this subtitle the following words have the meanings indicated.

(b)

“Community development financial institution” has the meaning stated in 12 U.S.C. § 4702.

(c)

“Community development organization” means an entity that meets the requirements set forth under § 6–504(a) of this subtitle.

(d)

(1)

“Financial assistance” means a grant, a loan, or an investment provided under this subtitle.

(2)

“Financial assistance” includes:

(i)

an assurance;

(ii)

a guarantee;

(iii)

a prepayment of interest on a subordinate or superior loan or portion of a loan;

(iv)

a reduction in the principal obligation of or rate of interest payable on a loan or a portion of a loan; and

(v)

any other form of credit enhancement.

(e)

“Program” means the Baltimore Regional Neighborhood Initiative Program.

(f)

“Sustainable community” means an area designated as a sustainable community under § 6–205 of this title.