Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 6-501

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Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

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

(b) “Community development financial institution” has the meaning stated in 12 U.S.C. § 4702.

(c) “Community development organization” means an entity that meets the requirements set forth under § 6-504(a) of this subtitle.

(d) (1) “Financial assistance” means a grant, a loan, or an investment provided under this subtitle.

(2) “Financial assistance” includes:

(i) an assurance;

(ii) a guarantee;

(iii) a prepayment of interest on a subordinate or superior loan or portion of a loan;

(iv) a reduction in the principal obligation of or rate of interest payable on a loan or a portion of a loan; and

(v) any other form of credit enhancement.

(e) “Program” means the Baltimore Regional Neighborhood Initiative Program.

(f) “Sustainable community” means an area designated as a sustainable community under § 6-205 of this title.