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The Target Investment Zone is a specific priority area into which attract significant private investment. The Management Plan
identifies the Zones are established within the boundaries of the Certified Heritage Area (CHA).
A number of the incentives available through the Maryland Heritage Preservation and Tourism Areas Program are limited to the Zone to
encourage demonstrable results and return on public investment within a relatively short period of time.
Projects and properties throughout the CHA are eligible for grants from the Maryland Heritage Areas Authority
Financing Fund for planning, design, interpretation, marketing, and programming, and to encourage revitalization and reinvestment in the CHA.
The following Program incentives are limited to projects and properties located within the Target Investment Zone identified in the
Management Plan and approved by the Maryland Heritage Areas Authority:
- Grants or loans
from the Fund for acquisition, development, preservation, or restoration. Grants for such projects identified in the Management Plan may be made within the identified Zone(s) for a period of up to five years after the day on which the Authority approves the Management Plan. The Authority may make a grant after the five year period if the Authority determines that the project is essential for the success of the Management Plan for the CHA.
- Loans for economic development projects from the proceeds of revenue bonds sold by the Authority.
- The Heritage Preservation Tax Credit
for structures not listed in the National Register of Historic Places, designated as a historic property under local law, or located in a listed historic district. The Tax Credit is available throughout Maryland for the rehabilitation of listed or designated historic structures, but it is also available within the Zone for the rehabilitation of non-listed or non-designated historic structures as well as non-historic structures the rehabilitation of which significantly enhances the overall quality of the CHA.
Complete guidelines for establishing and utilizing Certified Heritage Areas and Target Investment Zones are available for download in MS Word format.
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