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Department of Housing and Community Development

Maryland Department of Housing and Community Development Announces Community Investment Tax Credit Awards for Southern Maryland

Funding will help Calvert County non-profit continue community revitalization and economic development efforts

NEW CARROLLTON, MD (January 6, 2025) – The Maryland Department of Housing and Community Development announced a Calvert County non-profit will be supported as part of $1.75 million in Fiscal Year 2025 tax credits through the Community Investment Tax Credit program. 

The Community Investment Tax Credit (CITC) program supports nonprofit organizations involved in community and economic revitalization activities. Nonprofit organizations use the tax credits as incentives for individuals and businesses to donate money, goods or real property to support operational and programmatic costs associated with projects that serve communities across Maryland.

“The Community Investment Tax Credit program is an important tool for nonprofit organizations to build connections with the communities they serve on an everyday basis,” said Maryland Department of Housing and Community Development Secretary Jake Day. “This tax credit encourages residents and business owners to directly invest with local nonprofit partners to improve the places where they live and work.”

The Department will provide $25,000 in tax credits to support Project Echo Inc. in Prince Frederick through the CITC program in Fiscal Year 2025. That support will go towards operating a trauma program targeted on bringing structure to its participants’ lives by teaching them how to develop lifestyle routines that foster independence.

Businesses and individuals that donate to a qualified organization’s approved project can earn tax credits equal to 50% of the value of the money, goods or real property contribution. These tax credits are in addition to the deductions on both Federal and State taxes as a result of the charitable contribution. The program has leveraged nearly $31 million in charitable contributions to approximately 770 projects across the state since its inception.

For the complete list of Fiscal Year 2025 CITC awardees and more information on the Community Investment Tax Credit program, visit the Department’s website.

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