The Maryland Department of Housing and Community Development is proud to be at the forefront in implementing housing policy that promotes and preserves homeownership and creating innovative community development initiatives to meet the challenges of a growing Maryland.
The Community Investment Tax Credit program aims to enhance the capability of 501(c)(3) nonprofit organizations through state tax credit incentives, encouraging donations from individuals and businesses. These tax credits are designed to support local projects and services, furthering community revitalization efforts in Maryland. The program operates on an annual, competitive application basis, allowing qualified nonprofits to apply for tax credit allocations from the Maryland Department of Housing and Community Development. Donors contributing $500 or more to approved projects can receive tax credits worth 50% of their donation, in addition to federal and state tax deductions. The initiative has successfully leveraged significant charitable contributions, supporting a wide range of projects statewide.