MD HB1279

Expands eligibility for the catalytic revitalization project tax credit to include properties within transit-oriented developments, on adjacent parcels, or within one-half mile of subway, light rail, or railroad stations, in addition to former government-owned facilities

Creates a new "workforce housing project" category requiring at least 20% of residential units be affordable to households earning 50-150% of area median income, with accelerated tax credit claims over 2 years for workforce housing costs and 3 years for other project costs

Doubles the annual tax credit cap from $15 million over 2 years to $30 million per year, and changes the application cycle from once every 2 years to once each year

Restricts transit-oriented development and workforce housing projects from receiving credits unless the Secretary of Housing and Community Development certifies the State has not yet met continued housing production targets

Takes effect July 1, 2026, applying to all initial credit certificates issued on or after that date