Vacants to Value
With more than 200 unique neighborhoods, Baltimore City is as diverse and magnificent as the people who call it home. While Baltimore's vacant and abandoned building stock is often viewed as a problem, we see it as an opportunity. Cleaning up and redeveloping these properties can help raise property values, create community amenities, increase local tax revenue, and attract new residents and businesses. Vacants to Value (V2V) is Baltimore City's initiative to do just that.
Through Vacants to Value, we are spurring growth and reinvestment in Baltimore. When you look around the City, you can see the tremendous impact Vacants to Value is making. Vacant properties are being demolished, rehabilitated, or redeveloped, making way for new housing and green space opportunities for families who want to live and work in Baltimore. People are hearing the good news about Vacants to Value and are coming from near and far to be a part of the renaissance.
Join the Vacants to Value conversation at #BmoreV2V.
Through V2V, we're getting more of Baltimore's vacant and abandoned properties cleaned up and redeveloped more quickly, efficiently, and economically. Strategies include:
Streamline the Disposition of City-Owned Properties - Through reorganization, increased marketing, and improvement of pricing policy, we are making the sale of city-owned properties a clear, predictable, and transparent process.
Streamline Code Enforcement in Stronger Markets - Through streamlined code enforcement we are forcing scattered vacants in otherwise strong neighborhoods to rehabilitation without ever going to court.
Facilitate Investment in Emerging Markets - On high-vacancy blocks near areas of strength, we're partnering with committed, capitalized developers on a set of Community Development Clusters.
Target Homebuying Incentives - A variety of local, state, and federal programs offer incentives for buying a home in Baltimore City. Through V2V these incentives are being targeted to encourage the purchase of previously vacant homes.
Demolish and Maintain Severely Distressed Blocks - Recognizing that not every vacant building can be revitalized, were also using targeted demolition, land banking, and active promotion of creative non-housing uses to support long-term housing value.
Provide Healthy and Sustainable Home and Neighborhood Improvements - Weatherization, stabilization and rehabilitation strategies are being implemented to help low-income residents create more energy efficient, comfortable and safer living environments.
Find out how to buy a City-Owned or Receivership Property
Are you interested in finding a diamond in the rough? Can you put on your V2V rose colored glasses? If you can, then we have the perfect opportunity for you. Search these properties for the best investment you will ever make!
Acquiring property from the City has never been easier. Whether you're a large-scale developer, a local community development corporation, a faith-based developer, or an individual homesteader, we encourage you to bid.
There are two primary ways developers can acquire City-owned properties for development: · Bid on Requests for Proposal (RFP) or Requests for Qualifications (RFQ) · Purchase individual vacant properties through the Vacants to Value program.
DHCD offers financial and programmatic support for projects, especially for community-based developers and developers interested in increasing the supply of affordable housing in Baltimore City.
DHCD accepts applications/proposals for available City-owned properties. View these properties online, or obtain a paper copy of the property list at:
417 E. Fayette Street
10th Floor – Room 1037
Baltimore, MD 21202
The office is open between the hours of 8:30 a.m. and 4:30 p.m.
Baltimore City and the State of Maryland also offer incentives to help make your homeownership dream a reality, including the Vacants to Value Booster Program, where eligible homebuyers can get $10,000 towards closing costs for the purchase of a formerly vacant home.