Md. Code Regs. 05.12.02.08

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

Section 05.12.02.08 - Use of FAF Funds by the Administration

A. The Administration, in its discretion, may use FAF funds in connection with a project financed under a single family program, multifamily program, community legacy program, or Maryland HOME program if the project complies with this chapter and the regulations of the single family program, multifamily program, community legacy program, or Maryland HOME program, as applicable.

B. The Administration, in its discretion, may use FAF funds for the programs identified in §A of this regulation instead of funds provided under a single family program, multifamily program, community legacy program, or Maryland HOME program, if the sponsor:

(1) Identifies a specific single family program, multifamily program, or Maryland HOME program, or identifies the community legacy program for which the project qualifies;

(2) Agrees to comply with the regulations of the specific identified program; and

(3) Agrees to comply with this chapter.

C. If there is a conflict between the regulations of the specific identified program and this chapter, the more restrictive regulation applies to the project to maintain compliance with this chapter and the regulations of the specific identified program.

D. The sponsor receiving FAF funds shall agree to comply with any program guidelines, manuals, or policies established for the specific identified program.

Md. Code Regs. 05.12.02.08