Catalytic Revitalization Tax Credit
The purpose of this credit is to help redevelop eligible properties that were once owned by the State or federal governments. It supports projects that strengthen local economic and community development.
This credit is authorized under §6–901 of the Housing and Community Development Article of the Laws of Maryland.
Eligible Applicants
Individuals, nonprofits, or businesses are eligible if they are:
- In good standing with the State of Maryland.
- Eligible to receive a public benefit.
Eligible Project
To qualify a project must meet two primary requirements:
- Eligible Property Type: The project property must be a formerly State or federally-owned facility that is no longer in use. This includes:
- College or university
- K-12 school
- Hospital
- Mental health facility
- Military facility or installation
- Required Project Impact (Rehabilitation Goal): The redevelopment of the property must:
- Foster economic, housing, and community development in its local community.
- Preserve historically significant architecture
- Have an emphasis on affordable housing.
Application
Application period closed on October 11, 2024. The next round will open in Summer FY27.
Contact Information
For further inquiry, please email [email protected].