Maryland Bill Would Create State LIHTC for Certain Areas, Including OZs

Thursday, March 7, 2019 - 1:45PM

Maryland legislation would introduce a state affordable housing tax credit effective in 2020. HB 1141 would create the Qualified Maryland Housing Tax Credit for properties that qualify for the federal low-income housing tax credit (LIHTC) and are in areas designated as community revitalization areas–which includes opportunity zones. There would with an annual statewide cap of $10 million and no requirement that the development also receive federal LIHTCs.

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