# COMAR Title 05 — Department of Housing and Community Development

## Subtitle 15 — State Action Loans for Targeted Areas

### Chapter 01 — State Action Loans for Targeted Areas Program

#### Regulation .02 Objectives.

*COMAR 05.15.01.02*

The objectives of the Program are to provide financial assistance for the purposes of:

A. Creating housing and jobs in targeted areas through support of private sector initiatives;

B. Promoting commercial redevelopment and economic revitalization efforts in targeted areas;

C. Supporting retention of housing stock and existing businesses;

D. Providing a source of funds for emergency housing and business assistance;

E. Supporting development efforts for projects undertaken jointly by the public and private sectors; and

F. Providing financial assistance for projects which would not be undertaken otherwise.