Maryland SB47 repeals the requirement for local political subdivision approval for financial assistance applications under the Neighborhood Business.
Maryland SB47 modifies the Neighborhood Business Development Program by repealing the requirement for local political subdivision approval for financial assistance applications. The Department of Housing and Community Development may now approve applications if it does not receive notice of approval or denial from the affected jurisdictions within a specified timeframe. The bill also outlines financial assistance options, including grants, loans, and reductions in loan obligations, and mandates that food desert projects include plans to source Maryland-grown produce.
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