§ 6–701
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hous. & Cmty. Dev. § 6-701 (2026)
Title 6. Division of Neighborhood Revitalization
Subtitle 7. National Capital Strategic Economic Development Program
§ 6–701LinkCopy Citation
(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 under § 6–704 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)
“National capital region” means the areas of the State located within a sustainable community in Montgomery County or Prince George’s County.
(f)
“Program” means the National Capital Strategic Economic Development Program.
(g)
“Sustainable community” means an area designated as a sustainable community under § 6–205 of this title.