Proposed and signed into law by Governor Wes Moore, the Maryland Community Investment Corporation represents Maryland’s first state sponsored Community Development Entity. MCIC will draw crucial federal financial resources to galvanize development in underserved communities, fostering equitable access to capital and opportunity across the state.

The creation of the Maryland Community Investment Corporation comes at a pivotal time for Maryland, as the state seeks to bolster its economy, address housing affordability, and achieve lasting progress for all Marylanders. The Maryland Community Investment Corporation’s Board of Directors will manage the Corporation and its strategic direction as it becomes certified as a Community Development Entity, applies for New Markets Tax Credits, and invests in Maryland communities.