Governor Wes Moore announced $1.75 million in tax credits for nonprofit organizations through the Maryland Department of Housing and
Community Development’s Community Investment Tax Credit program.
The funding will assist nonprofits with capital and operating costs associated with local housing efforts and community revitalization projects and initiatives.
“Those closest to the problem are closest to the solution. Our local nonprofit leaders possess a deep knowledge of the challenges Marylanders face, and we have an obligation to elevate their work through partnership,” said Gov. Moore. “The tax credit support we announce today will help leaders on the ground serve their communities and make Maryland safer, more competitive, and more affordable for all.”
Nonprofits that are 501c3 and supporting the Francis Scott Key Bridge collapse recovery efforts may be eligible to apply for the program. Community Investment Tax Credits can be a powerful tool to increase donations for projects or services that provide food, income, and job security. This funding will also support local housing efforts and community revitalization projects.
