<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".18" citation="COMAR 05.03.02.18" title_num="05" subtitle_num="03" chapter_num="02" heading="Project Development—Project Application Process.">
  <paragraph num="A.">
    <text>Approval of a project shall be initiated by submission of an application on forms prescribed by the Administration.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Preliminary Application. Developers may submit the following items for preliminary eligibility review by the Administration:</text>
    <paragraph num="(1)">
      <text>Completed application form;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Location map;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Construction and sales schedule;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Cost breakdown for the project;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>Marketing plan; and</text>
    </paragraph>
    <paragraph num="(6)">
      <text>Sufficient information and documentation to determine the extent, if any, to which the project will change the type of use or increase the intensity of the existing use of the land and buildings to be financed by the mortgage loans.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>Final Applications.</text>
    <paragraph num="(1)">
      <text>Final applications shall contain any information, documents, or items that the Administration requires in accordance with this section.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>In addition to items listed in §A of this regulation, the Administration may require an application to include the following:</text>
      <paragraph num="(a)">
        <text>Appraisals satisfactory to the Administration;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Certification of equal employment opportunity;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Warranty certification;</text>
      </paragraph>
      <paragraph num="(d)">
        <text>Subdivision and site plans;</text>
      </paragraph>
      <paragraph num="(e)">
        <text>Plans and specifications for each model type to be built by the developers;</text>
      </paragraph>
      <paragraph num="(f)">
        <text>Form of sales contract;</text>
      </paragraph>
      <paragraph num="(g)">
        <text>Condominium or homeowners association documents, as applicable;</text>
      </paragraph>
      <paragraph num="(h)">
        <text>Local government resolution of approval;</text>
      </paragraph>
      <paragraph num="(i)">
        <text>Historical Trust clearance;</text>
      </paragraph>
      <paragraph num="(j)">
        <text>A nonrefundable application fee in an amount as may be established by the Administration; and</text>
      </paragraph>
      <paragraph num="(k)">
        <text>Other information and documentation as may be required by the Administration.</text>
      </paragraph>
    </paragraph>
  </paragraph>
  <paragraph num="D.">
    <text>The developer shall submit and satisfy all requirements of the application process set forth in this regulation.</text>
  </paragraph>
  <paragraph num="E.">
    <text>Factors which the Administration may consider in approving a project include, but are not limited to:</text>
    <paragraph num="(1)">
      <text>Cost, unit size, type of building, quality of construction, energy efficiency, and location of the project;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Geographic distribution of all projects for which mortgage loans have been or may be made available;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Regional demand;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>The number and amount of mortgage loans requested;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>The incomes of the households to be served;</text>
    </paragraph>
    <paragraph num="(6)">
      <text>The Administration's prior experience with the developer; and</text>
    </paragraph>
    <paragraph num="(7)">
      <text>Other criteria that the Administration considers appropriate in furtherance of the public purpose of the Program.</text>
    </paragraph>
  </paragraph>
</regulation>