Maryland § 10-1104

§ 10-1104.

    The purposes of the Corporation are to:

        (1)    do all things necessary to qualify as a qualified community development entity;

        (2)    apply to the U.S. Department of the Treasury to be designated as a qualified community development entity;

        (3)    apply to the U.S. Department of the Treasury for an allocation of new markets tax credits;

        (4)    receive, make, and facilitate qualified equity investments and financial assistance available in low–income communities in the State;

        (5)    allocate any new markets tax credits received by the Corporation;

        (6)    coordinate with other qualified community development entities in the State to help ensure that low–income communities are receiving the maximum benefit of qualified equity investments in the State;

        (7)    make investments and financial assistance available to low–income communities in the State from the Corporation’s money or from any other source;

        (8)    build a long–term financial capacity and sustained investment in low–income communities in the State;

        (9)    coordinate and create pathways to follow–on financing in the State; and

        (10)    foster inclusive and diverse entrepreneurship and innovation throughout the State, which may include initiatives to raise awareness of programs to assist low–income communities.