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Department of Housing and Community Development

Maryland Department of Housing and Community Development Announces FY2025 Community Investment Tax Credit Awards for Western Maryland

Funding will help local nonprofit organizations in Allegany and Washington counties continue community revitalization and economic development efforts

NEW CARROLLTON, MD (January 6, 2025) – The Maryland Department of Housing and Community Development announced two non-profits in Western Maryland are part of several organizations statewide that will be supported through $1.75 million in tax credits as part of the Fiscal Year 2025 Community Investment Tax Credit program. 

The Community Investment Tax Credit 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.”

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.

DHCD will provide $45,000 in total tax credits to one project each in Allegany ($25,000) and Washington ($20,000) counties this award round. These awards include:

  • Capital support to Robotics and Engineering in Allegany County–Together, Inc. for renovations including HVAC replacement and ADA compliant bathroom to create a safe and effective learning environment to build STEM skills and concepts (Allegany County);
  • Capital and operating support to Habitat for Humanity of Washington County, Inc. to continue construction of 5 single family homes in McCleary Hill Development which will be sold to qualified Washington County residents at no interest rate (Washington County).

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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