In this chapter, the following terms have the meanings indicated. Terms Defined. “Act” means Housing and Community Development Article, §4-508, Annotated Code of Maryland. “Application” means an application to the Department as described in Regulation .04 of this chapter. “Community development organization (CDO)” means a nonprofit organization that operates for the purpose of improving the physical, economic, or social environment of its geographic areas of operation. “Department” means the Department of Housing and Community Development, a principal department of the State. “Financial assistance” means a grant or a loan. “Fund” means the Strategic Demolition and Smart Growth Impact Fund established under Housing and Community Development Article, §4-508, Annotated Code of Maryland. “Nonprofit organization” means a corporation, foundation, or other legal entity that specifies in its charter or bylaws that no part of the net earnings may inure to the benefit of a private shareholder or individual holding any interest in the entity. “Program” means the Strategic Demolition and Smart Growth Impact Program. “Project” means a neighborhood revitalization project consisting of predevelopment activities, including demolition, land assembly, architecture and engineering studies, and site development in a sustainable community. “Secretary” means the Secretary of Housing and Community Development. “Sustainable community” means the area that has been designated a sustainable community in accordance with Housing and Community Development Article, §6-202, Annotated Code of Maryland.