Baltimore Launches $100 Million Fund to Redevelop Vacant Properties
1 report, 1 independent
Updated Oct 7
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What happened
Baltimore is launching a $100 million private capital fund to help reclaim vacant properties. This initiative involves connecting lenders and capital providers with a pipeline of redevelopment projects. The Greater Baltimore Committee plans to launch a Funders’ Consortium in November.
From housingwire.com
Why it matters
This fund is a component of a larger financing strategy backed by $1.2 billion in public commitments. The city aims to attract $5 billion in private financing to address at least 37,000 vacant or vulnerable properties over 15 years.
From housingwire.com
Who's involved
- BaltimoreCity initiating the private capital fund to finance property redevelopment
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The entities involved
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Baltimore
city in Maryland, United States