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As an owner-occupant, you must spend at least $5,000.00 in a twenty-four month period on your rehabilitation in order to qualify for the program. While you may spend more than $250,000.00 on your rehabilitation in a twenty-four month period, you cannot receive credit for any ...Read more
As an investor, you must spend at least your adjusted basis on your rehabilitation during a twenty-four month period in order to qualify for the program.
The investor credit is a competitive credit and Investors are not guaranteed the credits as the State of Maryland has imposed a budgetary cap on the amount of credits that may be awarded to investors in a given fiscal year.Read more