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Statutes Text

Article - Housing and Community Development




§6–308.3.

    (a)    If the Department determines that an entity is capable of administering a food desert project, the entity may originate and administer financial assistance to a food desert project in accordance with standards the Department adopts by regulation.

    (b)    The Department may:

        (1)    pay an approved entity a reasonable origination, application, and processing fee for each food desert project that is originated by the approved entity;

        (2)    directly fund the financial assistance for a food desert project that is originated by an approved entity;

        (3)    provide financial assistance to an approved entity for the purpose of the approved entity providing financial assistance for a food desert project in accordance with this subtitle; and

        (4)    (i)    provide small loans in amounts that are not more than $50,000 per loan to an approved entity for assistance in providing better access to healthy food in food deserts, including by providing loans for refrigerators, freezers, and other equipment; and

            (ii)    work with intermediaries to administer the small loans authorized under item (i) of this paragraph.



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