ANNAPOLIS, MD — Governor Wes Moore today announced the appointment of Michael Pokorny as chief executive officer of the Maryland Community Investment Corporation. Appointed by the corporation's board of directors, Pokorny and the board will manage the corporation and its strategic direction.
“Establishing the Maryland Community Investment Corporation is an important part of our housing initiatives and a critical step in making Maryland more affordable," said Gov. Moore. “The selection of Michael Pokorny as chief executive officer will help ensure that Maryland's underserved communities have the proper resources to grow now and in the future."
Established under House Bill 599, proposed and signed into law by Governor Wes Moore, the Maryland Community Investment Corporation represents Maryland's first state-sponsored Community Development Entity. As a quasi-governmental entity, the corporation is dedicated to building long-term financial capacity and sustained investment in low-income communities across Maryland through New Markets Tax Credits.
“Michael brings important ideas and a diverse set of experiences to his new role as CEO of the Maryland Community Investment Corporation," said Comptroller and Maryland Community Investment Corporation Board Chair Brooke E. Lierman. “I am optimistic he will be the champion we need to successfully launch this entity, work closely with our board of directors and community partners, and ensure that Maryland is able to compete and win additional tax credit funding for investment in our historically marginalized communities."
Prior to his new appointment, Pokorny worked as an affordable housing and community development professional, serving as senior underwriter and market leader for Reinvestment Fund. His experience with tax credits, public finance, subsidy programs, grants and the demands of market-driven debt solutions have enabled him to lead teams across a broad range of solutions.
In his new role, Pokorny will oversee day-to-day operations for the Maryland Community Investment Corporation, keep the board informed of key decision points and developments, and implement board decisions. As chief executive officer, Pokorny will also make key recommendations and decisions concerning the form and content of the New Market Tax Credit application, staffing, subcontractors, consultants, partnerships and the project pipeline.
"I appreciate the confidence that Gov. Moore and the Maryland Community Investment Corporation Board have shown in me to serve as its chief executive officer," said Michael Pokorny. “I'm excited to get started and look forward to working with the broader team of community development organizations, other Community Development Entities and state and local leaders to create a better Maryland for all with more affordability, safer communities and a stronger economy."
To learn more about the Maryland Community Investment Corporation, visit dhcd.maryland.gov.
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