HAGERSTOWN- The Maryland Department of Housing and Community Development announced two non-profits in Western Maryland are part of several organizations statewide that will be supported through $1.75 million in tax credits as part of the Fiscal Year 2025 Community Investment Tax Credit program.
The Community Investment Tax Credit program supports nonprofit organizations involved in community and economic revitalization activities. Nonprofit organizations use the tax credits as incentives for individuals and businesses to donate money, goods or real property to support operational and programmatic costs associated with projects that serve communities across Maryland.
“The Community Investment Tax Credit program is an important tool for nonprofit organizations to build connections with the communities they serve on an everyday basis,” said Maryland Department of Housing and Community Development Secretary Jake Day. “This tax credit encourages residents and business owners to directly invest with local nonprofit partners to improve the places where they live and work.”…