Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 05. Department of Housing & Community Development |
Subtitle 06. HOUSING INSURANCE |
Chapter 05.06.02. Tax Credit Bridge Loan Insurance |
Sec. 05.06.02.01. Scope
Latest version.
-
The Fund may provide limited insurance for bridge loans that provide interim financing until equity capital contributions are made by investors when the Fund expects a rental housing project to qualify for federal tax credits. The Fund may insure these bridge loans under this chapter instead of COMAR 05.06.01, except as provided in Regulation .14 of this chapter.