Community Investment Tax Credits (CITCs)

Are you a resident of Maryland or a business that pays Maryland state taxes? If so, HIP can help you boost your charitable contribution by reducing your tax liability using Maryland’s Community Investment Tax Credit (CITC) program!

HIP has received an allocation of CITCs from the Maryland Department of Housing and Community Development for Calendar Years 2026 and 2027.

These CITCs support HIP’s Rental Housing Stability Programs, which provides needed funding and support for our multifamily residents to remain in stable housing, and provides case management and intensive coaching for homeless clients exiting shelters and finding permanent apartments.

CITCs SUPPORT HIP’s RENTAL HOUSING STABILITY PROGRAMS

We are looking for individual donors and businesses that wish to contribute $500 or more to HIP, in $50 increments, up to $10,000. In return, donors are eligible to earn 50% of the value of this contribution in state tax credits.

The CITC program is open to anyone with a tax obligation to the state of Maryland. If a donor is eligible to itemize their deductions, this gift to HIP may also be fully deductible in addition to the tax credit. Please consult your tax advisor or the Maryland Comptroller’s office for detailed information.

NOTE – HIP’s tax credits will be sold on a first-come, first served basis. Please check the availability of credits with HIP’s Fundraising Director, Lesia R. Bullock, at 301-985-5122 or send an email @ lrbullock@hiphomes.org.

CITC ELIGIBILITY GUIDELINES–

Eligible businesses include any entity that conducts a trade or business in the State of Maryland and is subject to the state income tax, the public service company franchise tax, or the insurance premiums tax. These types of entities generally include corporations, public utility companies, insurance companies, financial institutions, S corporations, partnerships, sole proprietorships, and limited liability corporations.

Eligible individuals include current and former residents of Maryland who have a tax obligation to the State of Maryland and plan to file state tax returns. Residents are defined as individuals who are living in Maryland on the last day of the taxable year, or individuals who live in Maryland for more than 6 months of the taxable year and are physically present in the state for 183 or more days during the taxable year.

Donors that make contributions of $500 or more to HIP are eligible to receive Community Investment Tax Credits – CITCs in the calendar year that the donation is received.

Eligible contributions Include:

• Monetary contributions in the form of a check, credit card charge, electronic transfer, online giving tool, gifts of stock or securities, and Individual Retirement Account (IRA) Qualified Charitable Distribution (QCD).
• New Goods accompanied by invoices or receipts evidencing the net cost of the donated items.
• Used Goods accompanied by an independent third-party evaluation of the donated items (consistent with IRS publication 561).
• Real Estate donations are eligible as long as the property being donated is identified at the time of the application. Gifts of real estate require third-party, independent evaluation (consistent with IRS publication 561) or real estate valuation records.