FINANCIAL_SERVICESONGOING

MCIC receives second $10 million BVRI disbursement

The Baltimore Vacants Reinvestment Council received an update that MCIC has received a second $10 million FY26 disbursement to support BVRI loans and technical assistance for Community Development Organizations. MCIC has executed 20 loans, overseen $1.44 million in forgiven acquisition funding, and awarded about $1.1 million from a $1.6 million support fund for capacity-building services.

Status
ONGOING
Document date
December 16, 2025
Contract type
FINANCIAL_SERVICES
Vendor
MCIC
Agency
Maryland Department of Housing and Community Development · MD

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
second $10 million disbursement for FY26; about $1.1 million in technical assistance awards; $1.6 million total technical assistance fund; $1.44 million in BVRI acquisition funding forgiven
Contract type
FINANCIAL_SERVICES
Contract term
FY26 (for second $10 million disbursement and related activity)
Renewal
MCIC’s role under BVRI appears to be multi-year, with FY26 representing at least a second-year disbursement, and technical assistance funds being awarded in tranches with additional reviews planned.
Document type
Minutes
Source document
Baltimore Vacants Reinvestment Council (BVRC) Meeting Minutes December 2025

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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?

MCIC was awarded this financial services contract by Maryland Department of Housing and Community Development, as recorded on December 16, 2025. The contract value is second $10 million disbursement for FY26; about $1.1 million in technical assistance awards; $1.6 million total technical assistance fund; $1.44 million in BVRI acquisition funding forgiven.

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

The MCIC contract with Maryland Department of Housing and Community Development is valued at second $10 million disbursement for FY26; about $1.1 million in technical assistance awards; $1.6 million total technical assistance fund; $1.44 million in BVRI acquisition funding forgiven, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Baltimore Vacants Reinvestment Council (BVRC) Meeting Minutes December 2025 (Minutes), dated December 16, 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 MCIC hold?

MCIC 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 MCIC'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.

View Maryland Department of Housing and Community Development's profile

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