1. A. MPDU projects that are constructed or rehabilitated by third parties and then sold to a local government or local government entity under a local regulatory land use program shall be eligible for financing under the Program, provided that the following requirements are satisfied, instead of the requirements set forth in Regulations .04 and .07A and C of this chapter:

   1. (1) The local government or local government entity is or will be the legal or equitable owner of the project not later than the time that capital assistance funds are disbursed; and

   2. (2) The amount of financing provided by the Program to the project does not exceed the amount of the acquisition cost of the completed project, less the sum of:

      1. (a) The market value of the land on which the project is located as set forth in or determined from the most recent tax assessment; and
      2. (b) Any additional contribution from the local government as may be required in accordance with Regulation .17 of this chapter.
2. B. The Department may impose additional requirements pertinent to any unique factors of MPDU projects.

Authority: Housing and Community Development Article, Title 4, Subtitle 12;
State Finance and Procurement Article, §§5-7B-01—5-7B-10; Annotated Code of Maryland;
Executive Orders 01.01.1992.27C and 01.01.1998.04

Effective date:

Regulations .01—.16 adopted as an emergency provision effective December 13, 1988 (15:27 Md. R. 3116); emergency status extended at 16:10 Md. R. 1101; emergency status expired July 24, 1989; adopted permanently effective August 7, 1989 (16:15 Md. R. 1650)

Regulations .01—.16 repealed and new Regulations .01—.27 adopted effective November 11, 1991 (18:22 Md. R. 2393)

Regulation .03B amended effective January 2, 1994 (20:25 Md. R. 1943); November 20, 1995 (22:23 Md. R. 1800)

Regulation .04E amended effective November 20, 1995 (22:23 Md. R. 1800)

Regulation .07 amended effective January 2, 1994 (20:25 Md. R. 1943)

Regulation .07A amended effective January 21, 2002 (29:1 Md. R. 21)

Regulation .07G amended effective November 20, 1995 (22:23 Md. R. 1800)

Regulation .07H amended effective May 20, 1996 (23:10 Md. R. 730)

Regulation .08A amended effective May 31, 1999 (26:11 Md. R. 853)

Regulation .10B amended effective November 20, 1995 (22:23 Md. R. 1800)

Regulation .11A—C amended effective November 20, 1995 (22:23 Md. R. 1800)

Regulation .11D amended effective February 1, 1993 (20:2 Md. R. 111)

Regulation .12F amended effective November 20, 1995 (22:23 Md. R. 1800)

Regulation .13A amended effective November 20, 1995 (22:23 Md. R. 1800)

Regulation .18B amended effective January 2, 1994 (20:25 Md. R. 1943)

Regulation .19 amended effective January 2, 1994 (20:25 Md. R. 1943)

Regulations .01—.27 repealed and new Regulations .01—.29 adopted effective December 15, 2008 (35:25 Md. R. 2150)

Regulation .02A, B amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .03B amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .04E amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .05A amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .06B amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .07A amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .07D adopted effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .08D amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .12 amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .13E amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .14 amended effective April 19, 2010 (37:8 Md. R. 614); December 22, 2014 (41:25 Md. R. 1476)

Regulation .16 amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .18C amended effective December 22, 2014 (41:25 Md. R. 1476)

Regulation .24 amended effective December 22, 2014 (41:25 Md. R. 1476)