MD HB942

Expands tax increment financing (TIF) by allowing political subdivisions to designate noncontiguous areas as development districts, not just contiguous areas as previously required

Defines "blighted area" as an area where a majority of buildings have declined in productivity due to obsolescence, depreciation, or other causes to the extent they no longer justify fundamental repairs

Requires that redevelopment in noncontiguous blighted area development districts be limited to affordable housing deed-restricted to households earning no more than 80% of area median income

Extends certain provisions regarding noncontiguous blighted areas to Baltimore City, which is otherwise exempt from the TIF subtitle

Takes effect October 1, 2025