High Performance Tax Credit

High Performance Market-Rate Rental Housing Tax Credit

Baltimore has extended the 10-year High Performance Market-Rate Rental Housing Tax Credit aimed at encouraging development of new or converted market-rate apartments in the City. The tax credit is based on the increase in the value of real property due to improvements that were made.

Citywide 10-year tax credit:

  • For newly constructed, wholly renovated, or converted from non-residential building
  • Contains 20 or more residential units
  • Construction/conversion costs exceeds $60,000 per unit
  • Meets minimum of LEED Silver certification or the Baltimore City Green Building Code Standard Two Green Star rating
  • Projects that are eligible for the City’s Historic (CHAP) Tax Credit are not eligible

Below is the breakdown of the 10-year tax credit.

 Citywide 10-year
Year 180 percent
Year 280 percent
Year 380 percent
Year 480 percent
Year 580 percent
Year 670 percent
Year 760 percent
Year 850 percent
Year 940 percent
Year 1030 percent

To apply for the tax credit, please visit https://propertytaxcredits.baltimorecity.gov/. For more information, please contact us at info@BaltimoreDevelopment.com.