FOR MORE INFO CALL
301 739 8577 x111
Economic Rehabilitation Incentive Grant Program
For developers investing prescribed minimums for approved new construction or renovation projects, this incentive will provide an annual grant to the project equal to the amount paid in City property tax payments on the property, after reduction by all other tax incentive programs the property qualifies for such as State Enterprise Zone, A&E or other City residential tax credit programs, for a period of five years. Minimum investment required of $250,000 for commercial projects, $100,000 for residential projects and $200,000 for mixed-use projects. Acquisition costs will not be considered. Commercial projects are required to participate in the Enterprise Zone Program.
Click here to download PEP Application Form
CONTACT
Dept. of Community and Economic Development
301-739-8577, ext. 111
