Maryland § 3-201

§ 3-201.

    (a)    In this subtitle the following words have the meanings indicated.

    (b)    “Business project” has the meaning stated in § 4–201 of this article.

    (c)    “Credit enhancement” means a guarantee, including a guarantee of an obligation backed by a pool of mortgages, or other assurance or security device issued to:

        (1)    improve the credit of a qualified borrowing entity; or

        (2)    upgrade the security or rating of a financial obligation, including:

            (i)    a mortgage backed security;

            (ii)    a certificate of participation; and

            (iii)    a bond or note issued to finance a development activity described in this subtitle.

    (d)    “Energy conservation project” has the meaning stated in § 4–201 of this article.

    (e)    “Financing” includes acquisition financing, permanent financing, short–term bridge financing, construction financing, and refinancing of a loan or project authorized under this subtitle.

    (f)    “Fund” means the Maryland Housing Fund.

    (g)    “Housing” includes:

        (1)    a single dwelling unit;

        (2)    a multiple dwelling unit;

        (3)    an accessory unit residential facility;

        (4)    a shared–living unit facility, accommodating at least two individuals or families, in which some or all of the living, dining, kitchen, or sanitary facilities are shared; and

        (5)    an ancillary commercial or other facility that is related to, incidental to, and supportive of the housing.

    (h)    “Infrastructure project” has the meaning stated in § 4–201 of this article.

    (i)    “Mortgage” includes:

        (1)    a deed of trust, a security agreement, and a pledge; and

        (2)    any other security arrangement securing a loan, including a mortgage, to finance:

            (i)    the purchase of stock or membership in a cooperative ownership housing corporation; or

            (ii)    the construction or rehabilitation of dwelling units in a cooperative ownership housing corporation.

    (j)    “Public purpose project” has the meaning stated in § 4–201 of this article.

    (k)    “Solar energy project” has the meaning stated in § 4–201 of this article.