# Housing and Community Development (GHS)

## Title 9. Community Reinvestment Fund

### Subtitle 1. Definitions; Findings

#### Section 9-101

(a) In this title the following words have the meanings indicated.

(b) "Board" means the Community Reinvestment Board.

(c) "Community reinvestment assistance" means a loan, assurance, guarantee, grant, payment, credit enhancement, or other assistance provided by the Fund as set forth in Sec. 9-404 of this title, or a commitment to provide the assistance.

(d) "Community reinvestment project" means a project or program eligible under Sec. 9-402 of this title to receive community reinvestment assistance from the Fund.

(e) "Fund" means the Community Reinvestment Fund.

(f) "Limited income household" means a household or individual whose income does not exceed the upper income limits that the Secretary establishes.

(g) "Member" means a member of the Board.

#### Section 9-102

(a) The General Assembly finds that:

  (1) some communities and neighborhoods in the State are in economic and social distress because of a shortage of significant private investment;

  (2) financial institutions in the State are recognizing a heightened responsibility to provide financial assistance to these communities and neighborhoods; and

  (3) federal and State regulators are requiring more community reinvestment by these financial institutions.

(b) The General Assembly therefore finds that the public interest is served by promoting the development of a financial vehicle to be operated by private financial institutions to:

  (1) increase community reinvestment to neighborhoods and communities in the State that have urgent need for reinvestment;

  (2) make community reinvestment by financial institutions easier and more desirable by spreading the financial risk and offering the experience of the State in providing community reinvestment lending; and

  (3) forge partnerships among financial institutions and the State in meeting community reinvestment goals.

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