Maryland Heritage Structure Rehabilitation Tax Credit Program
Resources & Reports
For decades, state and local policies have facilitated – even encouraged – new suburban development while leaving the needs and advantages of our existing communities behind. The result has been new buildings springing up in rural areas that are underserved by roads and public services -- while in the core of our communities, disinvestment has left viable building stock abandoned or underused in areas where infrastructure is already in place, already paid for. Maryland needs to take advantage of what we already have.
The Heritage Structure Rehabilitation Tax Credit Program is designed to encourage the redevelopment of historic buildings and revitalization of our older communities by offering project sponsors tax credits equal to 20% of eligible rehabilitation costs. Projects must meet substantial expenditure thresholds and the U.S. Secretary of the Interior’s Standards for Rehabilitation (36 CFR 67). Both commercial and owner-occupied residential historic buildings are eligible for the program; however, the majority of rehab activity and expenditures have involved commercial structures. Most commercial projects have been combined with the similar federal historic preservation tax credit.
FY2010 Funded Projects
January 8, 2010 - Governor Martin O'Malley announced the award of $5 million in Heritage Structure Rehabilitation Tax Credits to four projects.
- Baltimore City - Druid Mill - $2,920,000 in tax credits
- Harford County - Proctor House, Bel Air - $100,000 in tax credits
- Montgomery County - Gymnasium at National Park Seminary - $800,000 in tax credits
- Montgomery County - Power Plant at National Park Seminary - $1,120,000 in tax credits
In FY2010 MHT recieved 25 eligible project applications requiesting more than $26 million in tax credits.
Tax Credit Project Profiles
Since its inception in 1996, the Heritage Structure Rehabilitation Tax Credit program has assisted in the rehabilitation of more than 580 commercial properties all across Maryland. The projects featured below are a small sample of completed and pending projects. Click on the project names or locations below to download a one-page profile on each of these projects.
Prince George's County
Reports & Studies
Maps & Award History
- MAP - Commercial Tax Credit projects completed or pending as of January 2010
- MAP - Homeowner Tax Credit projects completed or pending as of January 2010
- Commercial Projects funded in FY2009
- Commercial Projects funded in FY2008
- Commercial Projects funded in FY2007
- Commercial Projects funded in FY2006
This page updated: January 11, 2010
Tax Credit Basics
- National Register of Historic Places
- Federal Rehabilitation Tax Credit
- Comptroller of Maryland
- Maryland Sustainable Communities Rehabilitation Tax Credit Program Statute
- Maryland Sustainable Communities Rehabilitation Tax Credit Program Regulations