Md. Code Regs. 05.20.04.03

Current through Register Vol. 52, No. 1, January 10, 2025

Section 05.20.04.03 - Eligible Applicants and Uses

A. A grantee shall meet the following minimum requirements:

(1) Be a community development organization or a government agency;

(2) Not have defaulted on any prior financial assistance from the Department;

(3) Not be currently barred or suspended from any of the Department's programs;

(4) Have the legal capacity and all necessary legal authority to incur the obligations involved in the grant agreement;

(5) If a community development organization, be in good standing and qualified to do business in Maryland; and

(6) Provide evidence that the applicant has matching funds available for the project in the amounts required by Housing and Community Development Article, § 4-510(g)(2), Annotated Code of Maryland, or in the competitive application round announcement.

B. Grants may be used for any predevelopment costs and expenses related to the development or implementation of a project as approved by the Department.

C. Appropriations to the Fund shall be allocated as follows:

(1) 8 5% for projects in those areas of the State located between Interstate Highway 495 and the District of Columbia; and

(2) 15% for projects throughout the State.

Md. Code Regs. 05.20.04.03

Regulation .03 adopted effective 46:13 Md. R. 590, eff. 7/1/2019