State Taps MCIC To Administer $100M BVRI Funds

Maryland DHCD is partnering with the Maryland Community Investment Corporation to administer $100 million in FY25–FY26 Baltimore Vacants Reinvestment Initiative funds using a pay-for-performance model that expedites payments to community development organizations. MCIC serves as the state-supported community development entity receiving transferred BVRI capital to support acquisition, demolition, stabilization, and renovation of vacant properties. This structure is intended to speed deployment and scale whole-block redevelopment in Baltimore’s priority geographies.

Scope & details

The full contract record, as filed.

Contract amount

$50 million FY25; $50 million FY26 (total $100 million over FY25–FY26)

Contract type

FINANCIAL_SERVICES

Contract term

FY25 initial round; FY26 redesigned round with 90-day application-to-award timeline

Renewal

BVRI is planned as a 15-year, $750 million state commitment; MCIC’s ongoing role as pay-for-performance intermediary is implied but no explicit renewal or end date for the partnership is stated.

Document type

Report

Source document

Baltimore Vacants Reinvestment Council FY25 Annual Report

Related contracts

Other contracts from Maryland Community Investment Corporation.

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Baltimore Vacants Reinvestment Council Minutes February 2026

ONGOING

Maryland Department of Housing and Community Development, Maryland$1,600,000 initial Support FundFeb 10, 2026

Baltimore Vacants Reinvestment Council Meeting Minutes April 2025

PENDING

Maryland Department of Housing and Community Development, MarylandApr 1, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Maryland Department of Housing and Community Development?

Maryland Community Investment Corporation was awarded this financial services contract by Maryland Department of Housing and Community Development, as recorded on July 1, 2025. The contract value is $50 million FY25; $50 million FY26 (total $100 million over FY25–FY26).

How much is the Maryland Community Investment Corporation contract with Maryland Department of Housing and Community Development worth?

The Maryland Community Investment Corporation contract with Maryland Department of Housing and Community Development is valued at $50 million FY25; $50 million FY26 (total $100 million over FY25–FY26), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in Baltimore Vacants Reinvestment Council FY25 Annual Report (Report), dated July 1, 2025 from Maryland Department of Housing and Community Development. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Maryland Community Investment Corporation hold?

Maryland Community Investment Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Maryland Community Investment Corporation's profile

What is Maryland Department of Housing and Community Development currently buying?

Explore Maryland Department of Housing and Community Development's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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