Maryland Code, Housing and Community Development § 9-102

(1) some communities and neighborhoods in the State are in economic and social distress because of a shortage of significant private investment;

(2) financial institutions in the State are recognizing a heightened responsibility to provide financial assistance to these communities and neighborhoods; and

(3) federal and State regulators are requiring more community reinvestment by these financial institutions.

(1) increase community reinvestment to neighborhoods and communities in the State that have urgent need for reinvestment;

(2) make community reinvestment by financial institutions easier and more desirable by spreading the financial risk and offering the experience of the State in providing community reinvestment lending; and

(3) forge partnerships among financial institutions and the State in meeting community reinvestment goals.