How much funding does Catalytic Revitalization Tax Credit Grant provide?

The listing does not state a funding amount. Check the funder's announcement for specifics.

When is the deadline for Catalytic Revitalization Tax Credit Grant?

The funder has not published a deadline for this grant.

Catalytic Revitalization Tax Credit Grant

Maryland Department of Housing and Community Development

Foundation Affordable Housing Grants Community Development Grants Grants for Capital Funding

Funding Amount

Not stated

Deadline

Deadline not published

Grant Type

Foundation

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Geography

The rehabilitation of the property must foster economic, housing, and community development in the community in which it is located, and a successful application should have an emphasis on affordable housing.

Other requirements

To be eligible to apply for the Catalytic Revitalization Tax Credit, a business (without regard to its for profit or non profit status) must be in good standing with the State of Maryland and eligible to receive a public benefit.
Eligible Projects.
An eligible project must be a formerly State or federally-owned college or university, K-12 school, hospital, mental health facility, or military facility or installation, and may no longer be in service.

Overview

The Catalytic Revitalization Tax Credit, offered by the Maryland Department of Housing and Community Development, provides up to $15 million to rehabilitate eligible properties previously owned by government entities. This initiative aims to stimulate economic growth and community development, particularly emphasizing affordable housing. To qualify, businesses must be in good standing with Maryland and engage in projects that align with these goals, focusing on former educational and health facilities.

The Maryland Department of Housing and Community Development is pleased to announce availability of the Catalytic Revitalization Tax Credit, a credit of up to $15 million. The purpose of the credit is to rehabilitate certain eligible properties formerly owned by the State or federal governments, for the purposes of driving economic and community development. This credit is authorized under §6–901 of the Housing and Community Development Article of the Laws of Maryland.

Eligibility

To be eligible to apply for the Catalytic Revitalization Tax Credit, a business (without regard to its for profit or non profit status) must be in good standing with the State of Maryland and eligible to receive a public benefit.Eligible ProjectsAn eligible project must be a formerly State or federally-owned college or university, K-12 school, hospital, mental health facility, or military facility or installation, and may no longer be in service. The rehabilitation of the property must foster economic, housing, and community development in the community in which it is located, and a successful application should have an emphasis on affordable housing.