§ 4-1710

Maryland § 4-1710

• Jurisdiction: Maryland
• Article ghs: Housing and Community Development
• Title: 4

Text

(a) The Department may award a technical assistance grant only if the applicant agrees to:

(1) a budget that states the types and amounts of expenditures that may be made with the grant;

(2) the manner, timing, and conditions for disbursement of money to the grantee;

(3) a timetable to complete each stage of the project and for final project completion; and

(4) terms to ensure compliance with regulations, special conditions imposed by grant approval, and any other terms or conditions that the Department specifies.

(b) The amount of a technical assistance grant may not exceed 20% of the average purchase price, over the last 3 fiscal years for which data are available, of a home:

(1) financed by a mortgage loan that the Administration purchased under § 4–239 of this title; and

(2) located in the region where the technical assistance grant is to be awarded.

(c) (1) Except as provided in paragraph (2) of this subsection, a technical assistance grant recipient shall complete the project within 2 years after the effective date of the grant.

(2) The Department may extend the term of a technical assistance grant because of delays beyond the reasonable control of the recipient.

(d) The Department may require that all or part of a technical assistance grant be repaid when conditions that the Department specifies occur.