ANNAPOLIS, MD—Maryland Governor Wes Moore has announced plans to grant $1.75 million to 70 nonprofit organizations that are working to revitalize communities and improve the quality of life for local residents.

The funds are being distributed as tax credits through the Maryland Department of Housing and Community Development’s Community Investment Tax Credit program, which is designed to attract private sector donations to support local housing and community development projects.

Eligible organizations can receive 50% tax credits for eligible individuals, businesses, and corporations that donate $500 or more to their approved project. These tax credits are in addition to the deductions on both state and federal taxes for charitable contributions.

In order to be eligible for the tax credits, the organization must be 501c3 organizations and either provide food, income, or job security.

“Those closest to the problem are closest to the solution,” said Gov. Moore. “Our local nonprofit leaders possess a deep knowledge of the challenges Marylanders face, and we have an obligation to elevate their work through partnership. The tax credit support we announce today will help leaders on the ground serve their communities and make Maryland safer, more competitive, and more affordable for all.”

The tax credits are one way that the state is hoping to support nonprofits and community revitalization projects that are working to make a difference in the lives of local residents. The state hopes that these tax credits will encourage individuals and businesses to invest in projects that are making a positive impact on society.

For more information on the Community Investment Tax Credit program, and to apply for eligible organizations, please visit the Maryland Department of Housing and Community Development website.

This article was written with the assistance of AI and reviewed by a human editor.

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