# COMAR Title 05 — Department of Housing and Community Development

## Subtitle 12 — Federal Housing Programs

### Chapter 02 — Financing Adjustment Factor Funds

#### Regulation .02 Objectives.

*COMAR 05.12.02.02*

The objectives of the Administration in its use of Financing Adjustment Factor Funds are to:

A. Finance affordable housing in conjunction with housing loan programs administered by the Department by awarding funds to local governments, nonprofit sponsors, and developers, and for-profit sponsors and developers to:

  (1) Promote the development or rehabilitation of rental housing for households of very low income;

  (2) Promote homeownership opportunities for households of very low income; or

  (3) Facilitate nonprofit ownership of group housing for persons of very low income with special need;

B. Finance programs, projects, and activities that fill a need not met by other DHCD housing programs, but that promote the development and rehabilitation of housing for households of very low income for homeowners, renters, and special populations; and

C. Provide grants to local governments, local development corporations, local development agencies, municipalities, and nonprofit organizations for certain eligible activities.