Bill > HB90

This bill establishes the Project Restore Program within Maryland's Department of Housing and Community Development, designed to support economic development and revitalization in local business districts. The program will provide funding to qualified applicants (place-based community development organizations or local government units) who can then distribute subgrants to qualified entities located in sustainable communities. These subgrants can be used for various purposes related to vacant property improvement, including rental payments, property renovation, purchasing furniture and equipment, and even property acquisition. Qualified entities must be businesses or nonprofit organizations planning to improve and occupy a vacant property within the subgrant period. The bill defines key terms such as "sustainable community" (an area designated under specific state regulations) and "vacant property" (unoccupied property), and allows qualified applicants to use up to 15% of their program funds for administrative costs. The program aims to support small businesses and contribute to local economic development and historic preservation efforts, with the legislation set to take effect on July 1, 2025.

Budget and Finance

Ways and Means (House)

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0090?ys=2025RS