(a) Proceeds of a Program loan shall be used only for:(1) property acquisition and development costs for the construction of a net-zero home or low-energy home; and(2) settlement and closing costs.(b) A Program loan shall be secured by a mortgage lien that: (1) may be subordinate to other mortgage liens; and(2) may include terms, including deferred payment of principal and interest, that the Department considers necessary to make the project viable.(c) To apply for a loan under this subtitle, an applicant shall submit:(1) a completed application in a form that the Department requires;(2) information on projected energy usage, project design, and marketing data; and(3) any other information or documentation that the Department considers necessary to make a determination on the loan.(d)(1) The Department may give a preference to an application for:(ii) a project that includes financing from other sources in addition to the Program loan.(2) In providing assistance under the Program for a net-zero home, the Department shall give preference to applications that will use the services of small, minority, women-owned, and veteran-owned businesses in the State in the clean energy industry, particularly businesses that provide employment for individuals trained through workforce development programs supported by the Strategic Energy Investment Fund under § 5-1501 of the Economic Development Article and through the Clean Energy Workforce Account under § 11-708.1 of the Labor and Employment Article.Amended by 2021 Md. Laws, Ch. 302,Sec. 1, eff. 7/1/2021.Amended by 2021 Md. Laws, Ch. 301,Sec. 1, eff. 7/1/2021.Added by 2014 Md. Laws, Ch. 410,Sec. 1, eff. 7/1/2014.