$50 Million for the Maryland Nonprofit Recovery Initiative
- $50 million to establish the Maryland Nonprofit Recovery Initiative, which will help organizations address the revenue reductions and expense increases that are due to the economic and safety impacts of the COVID-19 pandemic. The goal of the initiative, which will be operated by the Department of Housing and Community Development (DHCD), is to help stabilize and sustain a range of nonprofit operations, including affordable housing and disability nonprofits.
- Of this $50 million, up to $8 million will be allocated to nonprofit applicants that have already applied for relief through the Maryland Small Business COVID-19 Emergency Relief Grant Fund.
- Of this $50 million, $3 million will be awarded through the Maryland State Arts Council’s (MSAC) Emergency Grant Program. In response to the COVID-19 State of Emergency, MSAC has created special grant opportunities that provide emergency funding to arts organizations and artists for losses sustained because of programming, operations, and events that have been modified or cancelled.