Code of Maryland Regulations
Title 05 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
Subtitle 04 - SPECIAL LOAN PROGRAMS
Chapter 05.04.09 - Group Home Financing Program
Section 05.04.09.04 - Eligible Sponsors
Current through Register Vol. 51, No. 6, March 22, 2024
Group home sponsors shall meet the following minimum requirements to receive a loan:
A. Be:
B. Have the legal capacity and all necessary legal authorization to incur the obligations of the loan under the Program;
C. Not be under a debarment or suspension order of the Department under COMAR 05.01.05 or any other State or federal agency or department;
D. Demonstrate creditworthiness and repayment capability acceptable to the Department;
E. Demonstrate the capacity to:
F. Provide supervisory personnel or supportive services acceptable to the Department;
G. Agree in writing that at least 51 percent of the group home occupants, other than supervisory personnel, will be persons of lower income;
H. Provide evidence acceptable to the Department that any financing being obtained outside the Program is assured and acceptable to the Department;
I. Either:
J. Agree in writing either to operate the project directly, or, in the alternative, to operate it indirectly by entering into a management agreement in a form acceptable to the Department, with a manager acceptable to the Department.