Md. Code, Housing and Community Development § 4-607

Md. Code, Housing and Community Development § 4-607
in effect
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To qualify for a Program loan, a group home sponsor shall own and operate a group home and be: (1) a nonprofit organization; (2) an individual; or (3) a limited partnership if: (i) 1. each general partner qualifies as a nonprofit organization; or 2. each general partner is a wholly owned subsidiary of a nonprofit organization; (ii) the limited partnership is formed to undertake a group home project that is totally or partly eligible for a federal low income housing tax credit program or any other federal program or incentive; and (iii) a nonprofit organization manages the project or receives the net cash flow from or the residual sale proceeds on sale of the group home.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ghs&section=4-607&enactments=falseFetched: 10/17/2026