Purchasing Credits from a Forest Mitigation Bank
Sale of credits from approved forest mitigation banks protecting existing forest will be allowed until June 30, 2024. The forest mitigation bank must have received an approval letter from Montgomery Planning, authorizing the bank to sell credits, prior to December 2020.
Applicants must have an approved Forest Conservation Plan before purchasing credits from a forest mitigation bank. This can be confirmed by searching the plan number in DAIC or contacting the forest mitigation bank program manager. If there is an active forest mitigation bank in the same watershed as your project, credits must be purchased from that forest mitigation bank. Otherwise, credits from any forest mitigation bank in the county may be purchased.
If there are no credits available from any forest mitigation bank in Montgomery County, please contact the forest conservation program manager to determine whether your Forest Conservation Plan allows for a fee-in-lieu payment to meet your forest mitigation requirement.
To coordinate a transaction for forest mitigation bank credits or to learn more about the cost of forest mitigation bank credits, please contact the forest mitigation bank operator for the forest mitigation bank you are interested in purchasing from. Montgomery Planning does not regulate the cost of forest mitigation bank credits; forest mitigation bank operators may pursue their own pricing structure. The forest mitigation bank operator will provide you with a Certificate of Compliance to complete, which is then submitted to Montgomery Planning for review, signature, and notarization. Once approved, this Certificate of Compliance will appear in DAIC and confirms that the forest mitigation requirement for the project has been met.
Current available credits
MDR Phase II Forest Mitigation Bank
Planted Forest Credit Available: 9.32 acres
Watershed: Seneca Creek
Contact: Pat Smith, 301-530-9152, firstname.lastname@example.org