Legislation Details

Reference No. CR-084-2013    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 7/24/2013
Introduced Date 7/24/2013 Public Hearing Date
Effective date:    
Title: A RESOLUTION CONCERNING STATE OF MARYLAND COMMUNITY INVESTMENT TAX CREDIT PROGRAM for the purpose of approving the project submitted by the Housing Initiative Partnership (“HIP”) to the Maryland Department of Housing and Community Development for participation in the Department’s Community Investment Tax Credit Program.
Proposers/Sponsors: Will Campos, Derrick Leon Davis, Mel Franklin, Mary A. Lehman, Obie Patterson, Ingrid M. Turner
Attachments: 1. R2013084.pdf, 2. CR-84-2013 AIS
Contact: Todd M. Turner, Legislative Officer

Title

A RESOLUTION CONCERNING STATE OF MARYLAND COMMUNITY INVESTMENT TAX CREDIT PROGRAM for the purpose of approving the project submitted by the Housing Initiative Partnership (“HIP”) to the Maryland Department of Housing and Community Development for participation in the Department’s Community Investment Tax Credit Program.

 

Background

The Housing Initiative Partnership (“HIP”), a nonprofit organization based in Prince George’s County, Maryland, has applied to the Maryland Department of Housing and Community Development (“Department”) for approval of the “Bounce Back” project for participation in the Community Investment Tax Credit Program (“Program”). The tax credits will be used to support an innovative financial literacy program targeted to homeowners who have received loan modifications or emergency assistance on their mortgages.