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State Land Use Enacted Legislation
| Bill # | State | Year | Party | Topic |
|---|---|---|---|---|
HB 1203 |
MD | 2024 | D | Funding, Lands near transit, Pro-Housing Designation, Tax Increment Financing |
Provided by Furman
Summary
- Establishes the Strategic Infrastructure Revolving Loan Program and Fund to be administered by the Maryland Economic Development Corporation with the purpose of making loans for targeted investments in real estate and infrastructure projects with a focus on bringing underutilized assets into performance and generating revenue.
- The law provides specific requirements for loan applications under this program, instructions for how applications should be prioritized, and guidelines for the loan agreements.
- Applicants in “Sustainable Community,” “Priority Funding,” and “Transit Oriented Development” areas are eligible for loans.
- Permits the Corporation to, with the approval of the governing body of the political subdivision, pledge alternative revenues generated within or attributable to a project located in an approved development district, a transit oriented development, a RISE zone, a sustainable community, or state hospital redevelopment to secure the payment of debt service on bonds or MEDCO obligations, to support the Loan Fund, or other purposes.
Provided by lawmakers
Bill Title
Economic Development - Strategic Infrastructure Revolving Loan Program and Tax Increment Financing
Related resources
Enacted Legislation Related Posts
Research and analysis from the Furman Center on this and related housing policy topics.
