§ 4-1710
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/md/housing-and-community-development/4-1710A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–1710.
(a)The Department may award a technical assistance grant only if the applicant agrees to:
(1)a budget that states the types and amounts of expenditures that may be made with the grant;
(2)the manner, timing, and conditions for disbursement of money to the grantee;
(3)a timetable to complete each stage of the project and for final project completion; and
(4)terms to ensure compliance with regulations, special conditions imposed by grant approval, and any other terms or conditions that the Department specifies.
(b)The amount of a technical assistance grant may not exceed 20% of the average purchase price, over the last 3 fiscal years for which data are available, of a home:
(1)financed by a mortgage loan that the Administration purchased under § 4–239 of this title; and
(2)located in the region where the technical assistance grant is to be awarded.
(1)Except as provided in paragraph
(2)of this subsection, a technical assistance grant recipient shall complete the project within 2 years after the effective date of the grant.
(2)The Department may extend the term of a technical assistance grant because of delays beyond the reasonable control of the recipient.
(d)The Department may require that all or part of a technical assistance grant be repaid when conditions that the Department specifies occur.