Sec. 05.05.10.06. Eligible Sponsors

Latest version.

A. The following entities are eligible to apply for financial assistance under the Program:

(1) Nonprofit organizations;

(2) Limited dividend organizations;

(3) Local jurisdictions eligible or potentially eligible to sponsor projects; and

(4) Public housing authorities.

B. Applicants for financial assistance shall meet the following minimum requirements to be eligible to apply for financial assistance under the Program:

(1) Applicants shall be in good standing and qualified to do business in Maryland; and

(2) Applicants shall have the legal capacity and all necessary legal authority to incur the obligations of any financial assistance provided under the Program.

                    
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