Title
A RESOLUTION CONCERNING STATE OF MARYLAND COMMUNITY INVESTMENT TAX CREDIT PROGRAM for the purpose of approving the Hospice of the Chesapeake Foundation’s (HOC) project submitted to the Maryland Department of Housing and Community Development for participation in the Department’s Community Investment Tax Credit (CITC) Program.
Background
This Resolution is for the purpose of approving the Hospice of the Chesapeake Foundation’s (HOC) project submitted to the Maryland Department of Housing and Community Development for participation in the Community Investment Tax Credit (“CITC”) Program.
HOC applied for forty-five thousand dollars ($45,000.00) in tax credits for the funding of its priority initiative, Support for At-Risk Families in Prince George's County. The Project provides a safety net of comprehensive care and bereavement support services that address the unmet needs of individuals, children and families who are living with or affected by chronic, life-limiting illness or are coping with grief due to loss.
Section 6-405(c) of the Housing and Community Development Article, Annotated Code of Maryland, provides that the Maryland Department of Housing and Community Development may not approve a proposal for participation in the Neighborhood and Community Assistance Program unless the proposal is approved by the governing body or authorized designee of each county, municipal corporation or political subdivision that includes any of the priority funding areas that benefits from the project.