To be eligible to receive financial assistance under the Program, an applicant shall meet the following minimum requirements: Be a government agency or a CDO; Not have defaulted on any prior financial assistance from the Department; Not be currently barred or suspended from any of the Department's programs; Have the legal capacity and all necessary legal authority to incur the obligations involved in the form of financial assistance provided under the Program; and If the applicant is a CDO, be in good standing and qualified to do business in Maryland. Financial assistance may be used for the following predevelopment costs and expenses on a project: Demolition; Land assembly; Architecture and engineering; and Site development. A recipient of financial assistance may grant or lend all or a portion of the financial assistance it receives from the Program to a designated third party to carry out the project in accordance with the terms and conditions of an agreement with the Department.