# COMAR Title 05 — Department of Housing and Community Development

## Subtitle 06 — Housing Insurance

### Chapter 04 — Special Housing Facility Projects

#### Regulation .09 Eligible Projects.

*COMAR 05.06.04.09*

The lender may apply for mortgage insurance under the Program if the project meets the following minimum requirements:

A. The project is located in Maryland;

B. Title to the project is acceptable to the Fund;

C. The project:

  (1) Conforms to applicable State and local building, zoning, health, and housing codes, or in cases of proposed construction or rehabilitation, will conform to those codes when completed, and

  (2) Is in compliance with the requirements of any State agency or local government where the project is located governing special housing facility projects;

D. The project, in the determination of the Fund, has a useful life of a length satisfactory to the Fund;

E. Upon closing of the loan, the project will be owned by the sponsor;

F. The project is, or will be upon closing of the loan, subject to a contract with an agency of State or local government under terms and conditions, acceptable to the Fund;

G. The project is a single family dwelling unit; and

H. The project, if a condominium unit, is part of a condominium regime approved by the Federal Housing Administration, as required by the Fund.