MD HB571

Expands the definition of "nonprofit housing corporation" to include any 501(c)(3) organization incorporated or authorized in Maryland that develops, owns, or operates housing for persons of eligible income

Extends state and local tax exemptions to real property owned by subsidiary entities of nonprofit housing corporations used for eligible-income housing, matching exemptions already available to housing authorities

Protects real property of nonprofit housing corporations used for eligible-income housing from levy, sale, and judicial liens resulting from judgments against the corporation

Preserves the right to foreclose on mortgages, deeds of trust, and pledges or liens on rents and revenues for both housing authorities and nonprofit housing corporations

Takes effect July 1, 2026