Sec. 05.20.04.02. Definitions

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

(1) “Act” means Housing and Community Development Article, Title 4, Subtitle 5, Annotated Code of Maryland.

(2) “Application” means an application to the Department as described in Regulation .04 of this chapter.

(3) “Commercial or residential development project” may include renovation and rehabilitation of single family homes, acquisition and rehabilitation of vacant homes for resale to new homebuyers, improvements to business properties, enhancement of community open space or public infrastructure, workforce and employment development programs, and such other projects as the Department may approve.

(4) “Community development organization (CDO)” means a nonprofit corporation, foundation, or any other nonprofit legal entity whose purpose is to implement a clear revitalization strategy.

(5) “Department” means the Department of Housing and Community Development, a principal department of the State.

(6) “Fund” means the National Capital Strategic Economic Development Fund established under Housing and Community Development Article, §4-510, Annotated Code of Maryland.

(7) “Grant agreement” means an agreement or agreements between the Department and a grantee to implement one or more projects.

(8) “Grantee” means a recipient of funds under the Program.

(9) “Nonprofit organization” means a corporation, foundation, or other legal entity that specifies in its charter or bylaws that no part of the net earnings may inure to the benefit of a private shareholder or individual holding any interest in the entity.

(10) “Program” means the National Capital Strategic Economic Development Fund established under the provisions of the Act.

(11) “Project” means a commercial or residential development project submitted by an applicant to the Secretary for approval in accordance with the Act and this chapter for site acquisition, land assembly, architecture and engineering, and site development for revitalization.

(12) “Secretary” means the Secretary of Housing and Community Development.

(13) “Sustainable community” means the part of a priority funding area that has been designated a sustainable community under Housing and Community Development Article, §6-205, Annotated Code of Maryland.