The Partnership has programs to advance the goals of the University District Vision 2020. These programs support the Partnership in addressing its core strategy areas, including housing and development, education, transportation, public safety and sustainability.
Community Investment Tax Credit (CITC)
The Community Investment Tax Credit Program is a Maryland Department of Housing and Community Development initiative that supports nonprofit organizations like the Partnership by granting State tax credits to nonprofits which they, in turn, use to encourage contributions. CITC tax credits are equal to 50% of the value of the donated money, goods or real property over $500 and are in addition to Federal and State charitable tax deductions.
The Partnership was awarded $20,000 in tax credits for two initiatives:
With a donation to the College Park City-University Partnership for either one of these initiatives, you may be eligible to receive a Maryland CITC tax credit equal to half the value of your donation over $500. Learn More.
The City-University Partnership’s Homeownership Program is part of an effort to increase the number of University of Maryland and City of College Park employees living in the City as outlined in the University District Vision 2020. It provides $15,000, in forgivable loans, to full-time, benefits-eligible University and City employees to become homeowners in the City of College Park–ultimately reducing commutes, strengthening neighborhoods, and supporting our local economy.