Maryland Department of Housing and Community Development Announces Over $1 Million In Community Investment Tax Credit Awards to Baltimore Region
Funding will help local nonprofit organizations in Anne Arundel, Baltimore, Carroll, Harford and Howard counties, along with Baltimore City, continue community revitalization and economic development efforts
NEW CARROLLTON, MD (January 6, 2025) – The Maryland Department of Housing and Community Development announced it has awarded more than $1 million in tax credits to projects across the Baltimore region as part of the Fiscal Year 2025 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.”
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 over $1 million in tax credits to support 50 projects in Anne Arundel, Baltimore, Carroll, Harford and Howard counties and Baltimore City through the CITC program in Fiscal Year 2025. Some of these include:
- Operating support to the Maryland Reentry Resource Center to provide comprehensive services addressing the multifaceted challenges faced by individuals transitioning from incarceration as they return to society (Anne Arundel County);
- Operating support to Vehicles for Change, Inc. to deliver hands-on auto mechanic training and enable 40 ex-offenders to ready themselves for successful, full-time work in a career field and avoid returning to prison (Baltimore County);
- Capital and operating support to the Mid-Atlantic Gigabit Innovation Collaboratory to make required renovations to allow the full use of their robotics/autonomous systems research and training center, as well as expanded programming (Carroll County);
- Operating support for Linking All So Others Succeed, Inc. (LASOS) for ASPIRE workforce development programs that assist at risk youth ages 18-24 years old with mentoring, academic support, and setting life goals (Harford County);
- Capital support to Community Action Council of Howard County MD, Inc. to establish a new location along the Route One corridor to provide layered services under the Two-Generational approach to better meet community needs (Howard 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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