Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 05. Department of Housing & Community Development |
Subtitle 05. RENTAL HOUSING PROGRAMS |
Chapter 05.05.05. Partnership Rental Housing Program |
Sec. 05.05.05.22. Fund Administration
Latest version.
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Funds shall be maintained in the State Treasurer's collection account and may be withdrawn by the Department upon the request of the Director of Multifamily Housing or the Director's designee to reimburse or pay for development costs. Sponsors shall requisition funds on forms prescribed by the Department in accordance with the terms of the capital assistance documents for approved development costs.