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Department of Housing and Community Development

Maryland Department of Housing and Community Development Announces Over $300,000 In Community Investment Tax Credit Awards to Washington Metro Region

Funding will help local nonprofit organizations in Frederick, Montgomery and Prince George’s counties 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 $300,000 in tax credits to projects across the Washington Metro 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 $328,000 in tax credits to support 14 projects in Frederick, Montgomery and Prince George’s counties, through the CITC program in Fiscal Year 2025. Some of these awards include:

  • Operating support to the Downtown Frederick Partnership to facilitate the Main Street program’s next two years of work toward building a more vibrant, welcoming Downtown Frederick community (Frederick County);
  • Capital support to Habitat for Humanity Metro, Inc. to rehabilitate and sell 10 HOC-owned, vacant townhomes in Montgomery Village with a 0% interest 30-year mortgage at a price not to exceed 30% of the family’s income (Montgomery County);
  • Operating support to World Arts Focus, Inc. to deliver arts-based strategies to protect and expand urban tree canopy cover, increase equitable access to environmental education, and support community-based efforts to address climate challenges (Prince George’s 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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