Baltimore – Secretary Skinner joined Governor Martin O’Malley and other dignitaries at a former lithograph plant in Baltimore to announce the recipients of the latest round of Sustainable Communities Tax Credits. Ten projects received a total of $11 million, helping create 740 construction jobs and revitalizing communities and promoting green building practices around the state. Learn more.
Last year, Governor O’Malley successfully proposed an enhanced version of the Historic Tax Credit, transforming it into the Sustainable Communities Tax Credit to create jobs, spur economic development, and revitalize neighborhoods. The Heritage Tax Credit in its 14-year history has invested more than $347 million in Maryland revitalization projects since 1996. Those projects have produced more than $1.5 billion in total direct rehabilitation expenditures by owners and developers.
The governor made the announcement at the former Hoen Lithograph plant in East Baltimore. The project involves the rehabilitation and LEED green adaptive re-use for office and commercial space of a two-story, 85,000-square foot, pre-1900 industrial building. The Sustainable Tax Credit was one of the first incentives in the country to link LEED green building design with historic preservation.