A building shall meet the following requirements: Be located within the State; Be one of the following: Structurally and mechanically sound such that there are no physical conditions that either endanger the life, property, safety, or welfare of the occupants or the public, or undermine the effectiveness of the lead hazard reduction work, or Property for which the borrower has obtained financing for rehabilitation work to make the building structurally and mechanically sound, and for which the rehabilitation work will take place before or in conjunction with the lead hazard reduction activity; Be in need of lead hazard reduction activity as demonstrated by meeting the following criteria: Has chipping, peeling, flaking, or deteriorated lead paint on interior or exterior surface, and Has tested positive for lead paint or dust at levels determined to be hazardous under MDE regulations; Be owned by an eligible borrower who shall provide evidence of ownership acceptable to the Department; Meet one of the following criteria: Contain one or more dwelling units, Provide congregate or group housing or temporary shelters, or Provide a child care center in the portion of the building to be assisted by the loan; and If a rental property, be registered in accordance with the Lead Poisoning Prevention Program defined in Regulation .02B of this chapter and be current for all applicable fees. Condominiums and cooperatives may be eligible buildings and shall be reviewed by the Department on a case-by-case basis. Manufactured housing and mobile homes are not eligible buildings.