§ 6-201. Definitions
West's Annotated Code of MarylandHousing and Community DevelopmentEffective: May 8, 2020
Effective: May 8, 2020
MD Code, Housing & Community Development, § 6-201
§ 6-201. Definitions
(b) “Application” means an application to the Secretary that includes a request to:
(c) “Community development financial institution” has the meaning stated in 12 U.S.C. § 4702.
(d) “Community development organization” means an entity that meets the qualifications of § 6-203 of this subtitle.
(e) “Community legacy agreement” means an agreement between the Department and a sponsor to develop a sustainable community plan or to implement one or more community legacy projects in a designated sustainable community or an eligible opportunity zone.
(f) “Community legacy project” includes a project in a sustainable community or an eligible opportunity zone to:
(6) develop or create strategies designed to increase investment in existing communities, including outreach activities to attract business, capital, residents, and visitors and the development and maintenance of resources directly related to the development of a sustainable community plan or the implementation of a community legacy project;
(g) “Eligible opportunity zone” means an area designated as a qualified opportunity zone under § 1400Z-1 of the Internal Revenue Code that is located in Allegany County, Garrett County, Somerset County, or Wicomico County.
(h) “Financial assistance” includes:
(i) “Landbanking” means acquiring or holding improved and unimproved property:
(j) “Priority funding area” means an area designated as a priority funding area under § 5-7B-02 of the State Finance and Procurement Article.
(l) “Smart Growth Subcabinet” means the subcabinet established under § 9-1406 of the State Government Article.
(m) “Sustainable community” means the part of a priority funding area that:
(n) “Sustainable community plan” means a plan consisting of one or more community legacy projects or other revitalization projects to prevent or reverse the decline of or disinvestment in a sustainable community through improvements in residential, commercial, or other public or private properties.
Credits
Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Amended by Acts 2008, c. 36, § 6, eff. April 8, 2008; Acts 2008, c. 338, § 1, eff. Oct. 1, 2008; Acts 2010, c. 487, § 1, eff. June 1, 2010; Acts 2013, c. 624, § 1, eff. Oct. 1, 2013; Acts 2015, c. 75, § 1, eff. Oct. 1, 2015; Acts 2019, c. 211, § 3, eff. July 1, 2019; Acts 2020, c. 628, § 1, eff. May 8, 2020.
MD Code, Housing & Community Development, § 6-201, MD HOUS & CMTY DEV § 6-201
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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