$2.7 Million Awarded in City Funds to Support Affordable Rental Housing Developments

Baltimore, MDMayor Brandon M. Scott and Acting Housing Commissioner Alice Kennedy are announcing the award of $2,750,000 in funding to support New Construction/Preservation of Existing Rental Housing. This funding from the Affordable Housing Trust Fund (AHTF) will support five affordable housing projects throughout Baltimore City.

“These investments from the Affordable Housing Trust Fund support our equitable community development strategy,” Mayor Scott said.  “The production of safe and sustainable affordable housing is desperately needed in our city, and I’m very pleased to announce the award of this support for these viable projects.”

The Baltimore City Department of Housing & Community Development (DHCD) announced the availability of this round of funding in January 2021.  The Notice of Funding Availability (NOFA) sought projects that would be impactful in providing affordable housing while leveraging additional investment.  Eligible applicants could request up to $750,000 per project, and funds could be used to fund up to 33 percent of a project’s total development costs.

“These funds will support a total of 141 units of affordable rental housing,” Kennedy stated. “Critical priorities of the city are being met with the work of the AHTF, and we congratulate all the recipients of this funding today and thank them for their efforts to meet the affordable housing needs of low-income Baltimore residents.”

The five projects being awarded funding from the AHTF are:

$500,000 -

Beacon House Square (rental apartment rehabs)

$500,000 -

Beacon House Square (emergency transitional housing)

$500,000 -

GEDCO - Harford House (long-term transitional housing for homeless men)

$500,000 -

Homes for America (new construction)

$750,000 -

Schreiber Brothers Development (multi-family workforce housing)

These projects seek to develop affordable housing options for a diverse mix of residents, with income at and below the 50% Area Median Income (AMI), per the goals of the AHTF.

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