This year the Midtown Development Corporation led the fight to save the state tax credits for restoring historic properties. The Governor signed HB 759 on May 16, 2002 maintaining the tax credit through 2004.

As of January 31, 2003, Midtown Development Corporation has assisted 22 Midtown homeowners get part 2 approval of their state tax credit application and 6 get part 3/final approval of their state tax credit application.

The Midtown Development Corporation is a hands-on developer. In 2002 we purchased 7 homes in for resale to owner-occupants. Properties currently under contract include 114 East Eager, 1307 North Calvert and the four consecutive houses at 1116,1118,1120, and 1122 North Calvert." In 2003, we plan to place even more homes in the hands of owner-occupants. Higher owner-occupancy rates help solve the problems caused by absentee landlords that have plagued these neighborhoods for many years.