Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 05. Department of Housing & Community Development |
Subtitle 20. REVITALIZATION PROGRAMS |
Chapter 05.20.04. National Capital Strategic Economic Development Fund |
Sec. 05.20.04.03. Eligible Applicants and Uses
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A. A grantee shall meet the following minimum requirements:
(1) Be a community development organization or a government agency;
(2) Not have defaulted on any prior financial assistance from the Department;
(3) Not be currently barred or suspended from any of the Departments programs;
(4) Have the legal capacity and all necessary legal authority to incur the obligations involved in the grant agreement;
(5) If a community development organization, be in good standing and qualified to do business in Maryland; and
(6) Provide evidence that the applicant has matching funds available for the project in the amounts required by Housing and Community Development Article, §4-510(g)(2), Annotated Code of Maryland, or in the competitive application round announcement.
B. Grants may be used for any predevelopment costs and expenses related to the development or implementation of a project as approved by the Department.
C. Appropriations to the Fund shall be allocated as follows:
(1) 85% for projects in those areas of the State located between Interstate Highway 495 and the District of Columbia; and
(2) 15% for projects throughout the State.