{"data":{"id":"us-md/md.-code-housing-and-community-development-9-102","jurisdiction":"us-md","citation":"Md. Code, Housing and Community Development § 9–102","heading":"","body":"(a) The General Assembly finds that:\n(1) some communities and neighborhoods in the State are in economic and social distress because of a shortage of significant private investment;\n(2) financial institutions in the State are recognizing a heightened responsibility to provide financial assistance to these communities and neighborhoods; and\n(3) federal and State regulators are requiring more community reinvestment by these financial institutions.\n(b) The General Assembly therefore finds that the public interest is served by promoting the development of a financial vehicle to be operated by private financial institutions to:\n(1) increase community reinvestment to neighborhoods and communities in the State that have urgent need for reinvestment;\n(2) make community reinvestment by financial institutions easier and more desirable by spreading the financial risk and offering the experience of the State in providing community reinvestment lending; and\n(3) forge partnerships among financial institutions and the State in meeting community reinvestment goals.","path":["Article - Housing and Community Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ghs\u0026section=9-102","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:07Z","sha256":"4d1953a77c213cc32a7ced08246e4a0b7bb8b9e8e61f4683949e748bd41c2ece","source_id":"us-md","stale":false,"prev":"us-md/md.-code-housing-and-community-development-9-101","next":"us-md/md.-code-housing-and-community-development-9-201"},"notice":"GroundRules: Original legal text. Not legal advice."}