The homeowners' replacement loan fund is administered by the Director of Housing and Community Affairs, under regulations adopted by the County Executive under method (2). (Res. No. 6-2873, § 4; 1974 L.M.C., ch. 55, § 3; 1979 L.M.C., ch. 10, § 1; 1980 L.M.C., ch. 42, § 1; 1984 L.M.C., ch. 24, § 54; 1996 L.M.C., ch. 13, § 1.)