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.
Maryland Legal Code