Md. Code Regs. 05.04.09.06

Current through Register Vol. 51, No. 24, December 2, 2024

Section 05.04.09.06 - Eligible Uses

The proceeds of a mortgage loan may be used to finance:

A. Purchase of a newly constructed building to provide a group home;

B. Permanent long-term mortgage financing, including refinancing;

C. Purchase of an existing building to provide a group home;

D. Modifications to a building purchased with a loan if the modification improves, repairs, renovates, or rehabilitates the building to:

(1) Make it suitable as a group home; or

(2) Eliminate housing, building, fire, safety, health, or other code violations;

E. Closing costs associated with site acquisition, purchase, or refinance of a group home;

F. Engineering, legal, title, survey, or architectural fees associated with the rehabilitation, purchase, or modification of a group home;

G. Costs associated with site preparation and evaluation including soil borings, environmental review reports, and testing for environmental hazards;

H. A refinance of an existing group home;

I. Construction costs for a new building to be used as a group home; or

J. Other development costs considered reasonable by the Department.

Md. Code Regs. 05.04.09.06

Regulations .06 adopted as an emergency provision effective February 23, 1987 (14:6 Md. R. 704); adopted permanently effective July 27, 1987 (14:15 Md. R. 1657)
Regulations .06 adopted effective May 25, 1992 (19:10 Md. R. 929)
Regulation .06 amended effective February 7, 2011 (38:3 Md. R. 151)