# COMAR Title 05 — Department of Housing and Community Development

## Subtitle 03 — Homeownership Programs

### Chapter 01 — Preferred Interest Rate Loan Program

#### Regulation .16 Initiatives and Special Programs.

*COMAR 05.03.01.16*

A. The Department, in its discretion, may set aside Program funds for initiatives and special programs, whereby funds may be made available under special terms set by the Administration.

B. Forward Commitments.

  (1) The Department may enter into forward commitments with sponsors to reserve, for a fixed period of time, a fixed amount of Program funds for initiatives or special programs.

  (2) The sponsor may be a nonprofit organization or a local government.