Maryland awards $9 million in tax credits to leverage $180 million for eight historic restoration / reuse projects in Baltimore

On November 25, 2019 in the state capital of Annapolis, Governor Larry Hogan of Maryland announced that the Maryland Historical Trust (MHT)—a division of the Maryland Department of Planning (Planning)—had awarded over $9 million worth of tax credits to eight historic restoration / reuse projects.

This investment is expected to leverage more than $180 million in additional revitalizing investments, and create at least 600 jobs.

Historic postcard of Glenn L. Martin Plant.

The Maryland Historic Revitalization Tax Credit is one of the most effective investment tools for strengthening Maryland’s local economies,” said Hogan.

The projects awarded this year will bring hundreds of jobs, as well as new housing, commercial, and arts opportunities through the redevelopment of our communities,” he continued.

Nineteen applicants sought $24 million in tax credits for construction projects totaling more than $235 million in estimated costs.

The eight projects selected for the tax credits were based on an established set of criteria, including those outlined by the U.S. Secretary of the Interior for historic building rehabilitations.

The eight award winners are:

  • Glenn L. Martin Plant #2 / Middle River Depot – Eastern Boulevard, Baltimore County;
  • 1629 – 1631 Aliceanna Street – Aliceanna Street, Baltimore City;
  • Penn Station – North Charles Street, Baltimore City;
  • Strawbridge M.E. Church – Wilson Street, Baltimore City;
  • 3127 E. Baltimore Street – East Baltimore Street, Baltimore City;
  • 417 N. Howard Street – North Howard Street, Baltimore City; and,
  • 301-305 N. Howard Street – North Howard Street, Baltimore City;Day Village – North Avondale Road, Baltimore County.

Planning supports historic rehabilitation while advancing community revitalization and economic development,” said Planning Secretary Rob McCord.

This funding helps encourage preservation and adaptive re-use of historic buildings and enhances the enjoyment of our state’s history, while helping to breathe new life in our communities,” he concluded.

The Maryland Historical Trust is the state agency dedicated to preserving and interpreting the legacy of Maryland’s past. Through research, conservation and education, the Maryland Historical Trust assists the people of Maryland in understanding their historical and cultural heritage.

Part of the Maryland Department of Planning, the Maryland Historical Trust serves as Maryland’s State Historic Preservation Office (SHPO) pursuant to the National Historic Preservation Act of 1966. In addition to its administrative office in Crownsville, the Maryland Historical Trust includes the Jefferson Patterson Park & Museum in St. Leonard, Maryland, which houses the Maryland Archaeological Conservation Laboratory.

Photo of Glenn L. Martin Plant #2 courtesy of Lockheed Martin.

See Maryland Historical Trust website.

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