1. (a) In this subtitle the following words have the meanings indicated.
2. (b) “Business project” has the meaning stated in § 4-201 of this article.

3. (c) “Credit enhancement” means a guarantee, including a guarantee of an obligation backed by a pool of mortgages, or other assurance or security device issued to:

   1. (1) improve the credit of a qualified borrowing entity; or

   2. (2) upgrade the security or rating of a financial obligation, including:

      1. (i) a mortgage backed security;
      2. (ii) a certificate of participation; and
      3. (iii) a bond or note issued to finance a development activity described in this subtitle.
4. (d) “Energy conservation project” has the meaning stated in § 4-201 of this article.
5. (e) “Financing” includes acquisition financing, permanent financing, short-term bridge financing, construction financing, and refinancing of a loan or project authorized under this subtitle.
6. (f) “Fund” means the Maryland Housing Fund.

7. (g) “Housing” includes:

   1. (1) a single dwelling unit;
   2. (2) a multiple dwelling unit;
   3. (3) an accessory unit residential facility;
   4. (4) a shared-living unit facility, accommodating at least two individuals or families, in which some or all of the living, dining, kitchen, or sanitary facilities are shared; and
   5. (5) an ancillary commercial or other facility that is related to, incidental to, and supportive of the housing.
8. (h) “Infrastructure project” has the meaning stated in § 4-201 of this article.

9. (i) “Mortgage” includes:

   1. (1) a deed of trust, a security agreement, and a pledge; and

   2. (2) any other security arrangement securing a loan, including a mortgage, to finance:

      1. (i) the purchase of stock or membership in a cooperative ownership housing corporation; or
      2. (ii) the construction or rehabilitation of dwelling units in a cooperative ownership housing corporation.
10. (j) “Public purpose project” has the meaning stated in § 4-201 of this article.
11. (k) “Solar energy project” has the meaning stated in § 4-201 of this article.

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Amended by Acts 2016, c. 482, §§ 1, 2, eff. July 1, 2016.