Established under
House Bill 599, proposed and
signed into law by Governor Wes Moore, the Maryland Community Investment Corporation represents Maryland's first state sponsored Community Development Entity. It will draw crucial federal financial resources to galvanize development investment in underserved communities, fostering growth and opportunity across the state.
The creation of Maryland Community Investment Corporation comes at a pivotal time for Maryland, as the state addresses housing affordability and community investment through
comprehensive legislative measures championed by Governor Moore during the 2024 legislative session.
The Maryland Community Investment Corporation’s Board of Directors will manage the Corporation and its strategic direction as it becomes certified as a Community Development Entity, applies for New Markets Tax Credits, and invests in Maryland communities.
About the Board of Directors
The Board of Directors comprises seven members, two who will be appointed by the governor and five enumerated in the legislation: Comptroller Brooke Lierman; Maryland Department of Housing and Community Development Secretary Jake Day; Maryland Department of Planning Secretary Rebecca Flora; Maryland Department of Commerce Secretary Kevin Anderson; and Maryland Department of General Services Secretary Atif Chaudhry.
Upcoming Meetings
- November 22, 2024 at 9 a.m.
Past Meetings
