The Sustainable Communities Tax Credit Program, which provides funding to support renovations of historic structures in Maryland, expanded in 2014 to include small commercial buildings. This great opportunity to upgrade a facade or make other necessary updates.
Rehabilitation costs may receive a tax credit of up to $50,000 on projects up to $500,000. Buildings must be located in state-designated Sustainable Communities and be designated historic.
The credit, which is capped at $50,000 over two years, is available through the Maryland Historical Trust (MHT) starting January 1. MHT will accept applications starting September 1.
Learn more about the tax credit program and find application materials at MHT’s tax credit program page.