Skip to main content
Find a Lawyer

Maryland Code, Housing and Community Development § 3-201

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 3-201 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-3-201/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard