Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 05. Department of Housing & Community Development |
Subtitle 15. STATE ACTION LOANS FOR TARGETED AREAS |
Chapter 05.15.01. State Action Loans for Targeted Areas Program |
Sec. 05.15.01.02. Objectives
Latest version.
-
The objectives of the Program are to provide financial assistance for the purposes of:
A. Creating housing and jobs in targeted areas through support of private sector initiatives;
B. Promoting commercial redevelopment and economic revitalization efforts in targeted areas;
C. Supporting retention of housing stock and existing businesses;
D. Providing a source of funds for emergency housing and business assistance;
E. Supporting development efforts for projects undertaken jointly by the public and private sectors; and
F. Providing financial assistance for projects which would not be undertaken otherwise.