§ 3-201
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/md/housing-and-community-development/3-201·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–201.
(a)In this subtitle the following words have the meanings indicated.
(b)“Business project” has the meaning stated in § 4–201 of this article.
(c)“Credit enhancement” means a guarantee, including a guarantee of an obligation backed by a pool of mortgages, or other assurance or security device issued to:
(1)improve the credit of a qualified borrowing entity; or
(2)upgrade the security or rating of a financial obligation, including:
(i)a mortgage backed security;
(ii)a certificate of participation; and
(iii)a bond or note issued to finance a development activity described in this subtitle.
(d)“Energy conservation project” has the meaning stated in § 4–201 of this article.
(e)“Financing” includes acquisition financing, permanent financing, short–term bridge financing, construction financing, and refinancing of a loan or project authorized under this subtitle.
(f)“Fund” means the Maryland Housing Fund.
(g)“Housing” includes:
(1)a single dwelling unit;
(2)a multiple dwelling unit;
(3)an accessory unit residential facility;
(4)a shared–living unit facility, accommodating at least two individuals or families, in which some or all of the living, dining, kitchen, or sanitary facilities are shared; and
(5)an ancillary commercial or other facility that is related to, incidental to, and supportive of the housing.
(h)“Infrastructure project” has the meaning stated in § 4–201 of this article.
(i)“Mortgage” includes:
(1)a deed of trust, a security agreement, and a pledge; and
(2)any other security arrangement securing a loan, including a mortgage, to finance:
(i)the purchase of stock or membership in a cooperative ownership housing corporation; or
(ii)the construction or rehabilitation of dwelling units in a cooperative ownership housing corporation.
(j)“Public purpose project” has the meaning stated in § 4–201 of this article.
(k)“Solar energy project” has the meaning stated in § 4–201 of this article.