Code of Maryland Regulations
Title 05 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
Subtitle 12 - FEDERAL HOUSING PROGRAMS
Chapter 05.12.02 - Financing Adjustment Factor Funds
Section 05.12.02.02 - Objectives
Current through Register Vol. 51, No. 6, March 22, 2024
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:
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.