Projects shall be properly zoned for the proposed use. Projects other than land banking projects shall meet these additional requirements: Have available a safe, sanitary, and adequate water supply and sewage system; Be rehabilitated or constructed in accordance with the applicable codes and standards; and Provide homeownership or rental property to families of limited or very limited income. Condominiums and cooperatives may be eligible projects. Modular or manufactured homes conforming with Regulation .03B(13) of this chapter may be eligible projects. Conversions of existing buildings to change the use to residential or to increase the number of residential units may be eligible projects. If a project is new construction, the project is eligible only if the: Department has complied with COMAR 05.01.06.06; and Secretary has issued the written determination required under COMAR 05.01.06.07.