Section 3-206 - Eligibility standards for insurance and credit enhancements(a) In offering insurance and other forms of credit enhancement, the Department shall adopt eligibility standards that are reasonable to aid in:(1) financing the purchase, construction, or rehabilitation of: (ii) special housing facility projects, consisting of the acquisition, rehabilitation, improvement, renovation, construction, financing, or refinancing of a building that: 1. provides common, shared, or independent living, dining, kitchen, sanitary, and sleeping facilities;2. may include supportive services or supervisory live-in personnel for individuals with specialized housing needs; and3. may include nonresidential facilities to serve individuals with special needs who may or may not be residents of the special housing facility;(iii) rehabilitation projects, as defined in § 4-901 of this article;(iv) energy conservation projects;(v) solar energy projects;(vi) public purpose projects;(vii) infrastructure projects; or(viii) business projects; and(2) the sale or other transfer of an obligation that is:(i) denoted as a bond, note, collateralized obligation, grantor trust, conduit, or other form of security or obligation; and(ii) backed directly or indirectly by a mortgage or a payment derived from a mortgage.(b) The standards adopted under subsection (a) of this section shall ensure that a lender benefiting from insurance or other credit enhancement provided by the Department is responsible and able to service the loan.(c) A determination by the Secretary is conclusive if it relates to the eligibility of a project, facility, or undertaking for:(1) insurance or other credit enhancement; or(2) other action taken by the Department, in its own name or in the name of the Fund, under this subtitle.Amended by 2016 Md. Laws, Ch. 482,Sec. 2, eff. 7/1/2016.