January to March Grant Review
IHA is proud to announce three funding awards received this quarter from community partners.
IHA was awarded two grants to support the development of an affordable rental community in partnership with Conifer, LLC in North Odenton, MD. The first grant of $429,750 was awarded by the Harry and Jeanette Weinberg Foundation, which is dedicated to meeting the basic needs of people experiencing poverty. The second grant of $400,000 was awarded by Maryland’s Department of Housing and Community Development (DHCD) through the Community Legacy Program (CLP). This program provides funding for essential projects aimed at strengthening Sustainable Communities.
Both grants will support the creation of affordable housing in Anne Arundel County and provide relief to cost-burdened households. Blue Oaks at North Odenton is a 9% tax credit project located at 1570 Annapolis Road in Odenton, MD and will have 55 apartments.
In January 2024, IHA was also awarded a $25,000 allocation of State tax credits through the Community Investment Tax Credit (CITC) Program of Maryland’s DHCD. Donors who make contributions of $500 or more to IHA in support of our mission are eligible to earn tax credits equal to 50% of the value of the money, goods, or real property contribution. These tax credits are in addition to the deductions on both Federal and State taxes as a result of the charitable contribution.
