Hogan Administration Announces the First Catalytic Revitalization Tax Credit Award
NEW CARROLLTON, MD (January 24, 2022) – The Maryland Department of Housing and Community Development announced the first recipient of the State of Maryland’s Catalytic Revitalization Tax Credit, designed to rehabilitate formerly government-owned properties for economic and community development purposes. The Warfield Companies received a $15 million state tax credit for their ongoing project to redevelop a historic mental health facility and surrounding area in Sykesville into a mixed-use community.