Catalytic Revitalization Project Tax Credit - Alterations

Summary

The bill changes Maryland’s tax‑credit program for large rehabilitation projects, defining “workforce housing” and giving higher credit amounts to projects that provide at least 20% of such units. It also raises the annual credit limit the state can award and sets new rules for how the Secretary of Housing and Community Development can accept applications. The changes aim to encourage affordable housing and community development while protecting credit benefits if projects are sold.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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