August 20, 2020 – Non-profit organizations operating within the State of Maryland are now eligible to receive funding up to $50,000 through the Maryland Nonprofit Recovery Initiative.
Grants will be awarded to entities “experiencing economic stresses in order to mitigate potential layoffs or organizational closures” due to the ongoing pandemic. Up to $9 million in funding is available through the Maryland Department of Housing and Community Development.
A non-profit with an annual operating budget over $5 million and more than 50 employees can be eligible for the program. The organization must demonstrate the “negative impact of COVID-19 as represented by reduced operating revenue or increased operating expenses.” Complete details can be accessed here: https://dhcd.maryland.gov/Communities/Pages/DHCD-NOFA.aspx
“We encourage our members to relay this important information to non-profit entities contained within their portfolios,” explained Jim Lighthizer, NAIOP-MD President. “Programs such as these provide critical funding to organizations that are facing extreme challenges given the current environment.”