Md. Code Regs. 05.20.03.04 - Application Requirements
A. Applications for financial assistance
shall be accepted in one or more competitive rounds to be announced by the
Department annually.
B. An
application submitted to the Department shall:
(1) Be on standard forms prescribed by the
Department ;
(2) Be submitted by an
applicant that meets the requirements of Regulation .03A of this
chapter;
(3) Be for a project that
is located within a blighted area ;
(4) State the amount and type of financial
assistance requested;
(5) Provide a
comprehensive description of the applicant and project including:
(a) The public purpose of the project and the
needs of the community that will be served;
(b) A projected timeline for implementation
of the project ;
(c) The ability of
the applicant to carry out the proposed project in accordance with the
projected timeline;
(d) Other
public and private resources available for implementing the project ;
and
(e) The social and economic
benefits created by the project ;
(6) Provide a budget, in a form acceptable to
the Department , that at a minimum shows anticipated project costs and expenses,
anticipated sources of project revenue, and identification of the revenues that
can be used to repay the financial assistance provided by the program if
provided as a loan;
(7) Propose
benchmarks for evaluating whether the proposed project results in a desired
outcome for the blighted area , such as community stabilization or reversing
economic, social, and physical decline of the community in which the project is
located;
(8) Describe any public
input the applicant has received on the proposed project , including the nature
and extent of the public support for or in opposition to the proposed
project ;
(9) Demonstrate that, upon
completion, the project will be in compliance with all applicable zoning
requirements and standards as well as the applicable building code of the local
jurisdiction in which the project is located;
(10) Demonstrate the ability to gain site
control if applicable to the project through ownership, leasehold interest,
contract, option or other agreement satisfactory to the Department ;
(11) Provide evidence that the applicant has
matching funds available for the project in the amounts required by Housing and
Community Development Article, §
4-509(g)(2),
Annotated Code of Maryland, or in the competitive application round
announcement;
(12) Describe whether
historic properties or districts will be impacted and how the applicant will
comply with the requirements of State Finance and Procurement Article,
§§ 5A -325-5A-326, Annotated Code of Maryland, and Financial
Institutions Article, §
13-1112(b),
Annotated Code of Maryland; and
(13) Include other information or
documentation the Department may require.
C. An application for financial assistance
may be submitted to fund one or more projects.
D. A recipient of financial assistance may
file one or more applications in accordance with schedules established by the
Department .
Notes
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