Excerpt from the Maryland Historical Trust blog:
On November 16, 2015, the Maryland Historical Trust announced the recipients of the latest round of Sustainable Communities Tax Credits. State funds provided by this program will help create over 650 construction jobs in projects designed to revitalize communities and promote green building practices.
The Sustainable Communities Tax Credit Program and its predecessor, the Heritage Structure Rehabilitation Tax Credit, has invested more than $370 million in Maryland revitalization projects since it began in 1996. The investments have helped restore more than 4,198 homeowner and 638 commercial historic structures, preserving buildings that contribute to the distinct character of Maryland’s towns, cities and rural areas. According to a study by the Abell Foundation, the program has helped to create more than 27,000 jobs through construction and new uses of these significant historic resources.
The six recipients include:
Hoen Lithograph, East Biddle Street Baltimore City
($3,000,000 in tax credits awarded)
Footer’s Dye Works, Howard Street, Cumberland, Allegany County
($1,875,000 in tax credits awarded)
Hearn Building, Race Street, Cambridge, Dorchester County
($959,034.40 in tax credits awarded)
St. Michael’s Church Complex, East Lombard Street, Baltimore City
($2,861, 111.60 in tax credits awarded)
Academy School, Mill Street, Cambridge, Dorchester County
($287,500 in tax credits awarded)
Sykesville Hotel, Main Street, Sykesville, Carroll County
($58,000 in tax credits awarded)
