MD HB1466

Expands eligibility for the Appraisal Gap From Historic Redlining Financial Assistance Program by broadening the definition of "qualified property" to include additional geographic areas

Currently, qualified properties must be located in both a low-income census tract AND a designated sustainable community; the bill adds an alternative location category

Properties would also qualify if located in areas meeting Department-established criteria for neighborhoods that have been historically redlined OR have undergone urban renewal

Qualified properties must still be newly constructed or substantially rehabilitated vacant structures, intended for sale to owner-occupants at affordable prices

Effective date: July 1, 2026