Bill > SB235

This bill establishes the Project Restore Program within Maryland's Department of Housing and Community Development to support economic development and historic preservation in local business districts. The program allows qualified applicants (either place-based community development organizations or local government units) to receive funds and then distribute subgrants to qualified entities—businesses or nonprofits located in sustainable communities that plan to improve vacant properties. Subgrant funds can be used for various purposes including rental payments, property renovations, purchasing furniture and equipment, and even property acquisition. The bill defines key terms such as "sustainable community" (an area officially designated as such) and "vacant property" (unoccupied property without a current tenant lease). Each qualified applicant can use up to 15% of their received program funds for administrative costs like salaries and operating expenses. The program's primary goal is to assist businesses and organizations that contribute to local economic development, support small businesses, and help revitalize business districts by improving vacant properties. The bill is set to take effect on July 1, 2025, and allows the department to create regulations for implementing the program.

Education

Education, Energy, and the Environment (Senate)

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0235?ys=2025RS