# COMAR Title 05 — Department of Housing and Community Development

## Subtitle 03 — Homeownership Programs

### Chapter 08 — Energy-Efficient Homes Construction Loan Program

#### Regulation .03 Eligible Borrowers.

*COMAR 05.03.08.03*

To qualify as an eligible borrower under the program, an applicant shall:

A. If a nonprofit organization, corporation, or partnership, be in good standing and qualified to do business in Maryland;

B. Have the legal capacity and all necessary authorization to incur the obligations of the loan;

C. Own the project or have a valid sales contract to purchase the project;

D. Demonstrate credit worthiness and repayment ability acceptable to the Department; and

E. Demonstrate the ability to complete the project.