Hogan Administration Announces More Than $19 Million to Revitalize Historic Buildings

Tax Credits Leverage Projects Expected to Create More Than 1,380 Jobs

From Our Partners

Fig. 1 – Photo showing the Fidelity Building located on North Charles Street, Baltimore City.

The Hogan administration announced earlier this month that the Maryland Historical Trust (MHT), a division of the Maryland Department of Planning (Planning), has awarded 16 projects more than $19 million in revitalization tax credits, leveraging more than $92 million in additional investment

The Historic Revitalization Tax Credit, administered by MHT, has invested more than $465 million in Maryland rehabilitation projects since 1996. The investments have helped make improvements to 5,331 homeowner and 825 commercial historic structures, preserving buildings that contribute to the distinct character of Maryland’s towns, cities, and rural areas.

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