Current as of December 31, 2021 | Updated by FindLaw Staff
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(a) If the Department determines that an entity is capable of administering a food desert project, the entity may originate and administer financial assistance to a food desert project in accordance with standards the Department adopts by regulation.
(b) The Department may:
(1) pay an approved entity a reasonable origination, application, and processing fee for each food desert project that is originated by the approved entity;
(2) directly fund the financial assistance for a food desert project that is originated by an approved entity;
(3) provide financial assistance to an approved entity for the purpose of the approved entity providing financial assistance for a food desert project in accordance with this subtitle; and
(4)(i) provide small loans in amounts that are not more than $50,000 per loan to an approved entity for assistance in providing better access to healthy food in food deserts, including by providing loans for refrigerators, freezers, and other equipment; and
(ii) work with intermediaries to administer the small loans authorized under item (i) of this paragraph.
Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 6-308.3 - last updated December 31, 2021 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-6-308-3/
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