Title:
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A Resolution concerning the State of Maryland Neighborhood and Community Assistance Program for the purpose of expressing approval of the project submitted by the Alfred Street Baptist Church Foundation to the Maryland Department of Housing and Community Development for participation in the Department’s Community Investment Tax Credit Program
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Title
A Resolution concerning the State of Maryland Neighborhood and Community Assistance Program for the purpose of expressing approval of the project submitted by the Alfred Street Baptist Church Foundation to the Maryland Department of Housing and Community Development for participation in the Department’s Community Investment Tax Credit Program
Background
The Alfred Street Baptist Church Foundation, a nonprofit organization, has applied to the Maryland Department of Housing and Community Development for approval of a project known as College Scholarships for Needy Youth for participation in the Community Investment Tax Credit Program. This project will allocate scholarships to students located in priority funding areas. The State of Maryland requires local legislative support for participation in the Community Investment Tax Credit Program. The Alfred Street Baptist Church Foundation has received approval of Community Investment Tax Credits by the Department of Housing and Community Development in the amount of $25,000 for the College Scholarships for Needy Youth project, pending local governing body approval.