Section 4-813 - Eligibility for loan - Short-term construction loans(a) To qualify for a short-term construction loan under § 4-804(2) of this subtitle, a developer or nonprofit sponsor shall: (1) provide construction costs, marketing data, and other information the Department requires; and(2) have a commitment from the Department under § 4-815(j) of this subtitle for permanent financing for the sale of each residence to be built or rehabilitated with the short-term construction loan.(b) To qualify for a short-term loan under § 4-804(3) of this subtitle, a nonprofit sponsor:(1) shall provide:(i) information on the costs of the proposed undertaking;(iii) other information the Department requires; and(2) shall have: (i) a commitment from the Department for permanent financing for the sale of each residence built or rehabilitated with the short-term loan; or(ii) approval from the Department to rent the residence subject to a lease purchase agreement acceptable to the Department.