Section 4-208 - Housing Finance Review Committee(a) There is a Housing Finance Review Committee.(b) The Housing Finance Review Committee consists of seven members appointed by the Governor on recommendation of the Secretary as follows: (1) three employees of the Department, one of whom may be the Secretary;(2) one employee of the Executive Branch of State government who is not employed by the Department; and(3) three members of the public.(c)(1) The term of a public member is 4 years and begins on July 1.(2) At the end of a term, a public member continues to serve until a successor is appointed and qualifies.(3) A public member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.(d)(1) The Housing Finance Review Committee shall review and make recommendations to the Secretary about: (i) specific loan requests or categories of loan requests; and(ii) the investment and project financing policies of the Administration.(2) The Secretary may approve a specific loan request without a recommendation of the Housing Finance Review Committee if the request requires urgent action.