§ 6-501
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§6–501.
(a)In this subtitle the following words have the meanings indicated.
(b)“Community development financial institution” has the meaning stated in 12 U.S.C. § 4702.
(c)“Community development organization” means an entity that meets the requirements set forth under § 6–504(a) of this subtitle.
(1)“Financial assistance” means a grant, a loan, or an investment provided under this subtitle.
(2)“Financial assistance” includes:
(i)an assurance;
(ii)a guarantee;
(iii)a prepayment of interest on a subordinate or superior loan or portion of a loan;
(iv)a reduction in the principal obligation of or rate of interest payable on a loan or a portion of a loan; and
(v)any other form of credit enhancement.
(e)“Program” means the Baltimore Regional Neighborhood Initiative Program.
(f)“Sustainable community” means an area designated as a sustainable community under § 6–205 of this title.