§4–607.

    To qualify for a Program loan, a group home sponsor shall own and operate a group home and be:

        (1)    a nonprofit organization;

        (2)    an individual; or

        (3)    a limited partnership if:

            (i)    1.    each general partner qualifies as a nonprofit organization; or

                2.    each general partner is a wholly owned subsidiary of a nonprofit organization;

            (ii)    the limited partnership is formed to undertake a group home project that is totally or partly eligible for a federal low income housing tax credit program or any other federal program or incentive; and

            (iii)    a nonprofit organization manages the project or receives the net cash flow from or the residual sale proceeds on sale of the group home.