State
Must invest at least $5,000 in qualified rehabilitation expenditures

Federal
Does Not Qualify

Baltimore City
Must spend 25% of the cash value of the house on qualified rehabilitation expenditures

State
Must invest an amount equal to or greater than the adjusted basis of the property.* You can be either a resident or nonresident of Maryland and still qualify for the credit and refund

Federal
Must invest an amount equal to or greater than the adjusted basis of the property.* The property must be held for a minimum of 5 years after it is placed in service.

Baltimore City
Must spend 25% of the cash value of the house on qualified rehabilitation expenditures