Vacants to Value Application to Purchase City-Owned Property

 
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Application to Purchase City-Owned Property
Department of Housing and Community Development 
Development Division

The Baltimore City Department of Housing and Community Development’s Development Division accepts applications/proposals for available City-owned properties.  A list of these properties is available at http://dhcd.baltimorecity.gov/DevelopmentMap  .

You may also obtain a copy of the property list at 417 E. Fayette Street, 10th Floor – Room 1001, Baltimore, MD 21202, between the hours of 8:30 a.m. and 4:30 p.m or call us at 410-396-4111.

Awards will be based on information contained in your application package and the applications from other buyers; if any are received.

DHCD reserves the right to request a credit report or verify any information submitted.  

SUMMARY OF PROCESS 

YOU CAN ONLY APPLY FOR PROPERTIES THAT ARE OWNED BY THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY. VACANT DOES NOT MEAN IT IS CITY OWNED. PLEASE EMAIL [email protected] IF YOU ARE UNSURE  

THE AVERAGE COST FOR A REHAB IN BALTIMORE CITY IS ABOUT $112/SF , IF YOUR PROPOSAL IS LESS THAN THAT ADDITIONAL DOCUMENTATION WILL BE NEEDED  

Proposal Review 

DHCD will review applications to determine the following: 

  • The appropriateness of the proposed development
  • The feasibility of the proposed development
  • The capacity of the applicant to undertake and complete the project
  • The ability to demonstrate appropriate financial resources, an acceptable credit history, a record of responsible property ownership and management, and, where applicable, previous development experience

Additional submission requirements include the following:

  • The application must be completed in full.
  • If the proposed buyer is an LLC, limited partnership, corporation, or other limited liability entity, said entity must be registered and in good standing with the Maryland Department of Assessments and Taxation
  • The Buyer must have no current housing code violations in Baltimore City
  • For LLCs, partnerships and/or corporations, current housing code violations must not be associated with any of the principals of the LLC, partnership, or corporation.
  • The Buyer must be current on all taxes due to Baltimore City.
  • The development plan must be consistent with the property’s existing or permitted uses. (ex. Buyer should not propose rehab of a site when the property is a vacant lot)
  • For proposed new construction, proposed development requiring a use permit, or any proposed zoning changes, a letter of support from the community association(s) and/or the Comprehensive Planner (Department of Planning) is required.  DHCD will issue a conditional award for the proposed use pending approval from the appropriate city agency.  In such case, approval from the required City agency is mandatory before settlement shall occur.

Price

Any reasonable offer submitted with a complete application package will be reviewed. 

Buyers will be notified in writing of an award decision within three (3) weeks of submission of a completed application.  The buyer shall sign the award letter and return with deposit within seven (7) business days. If the signed award letter not received by the deadline, the award offer will be rescinded and your original proposal will be sent back to you.
If the City receives multiple offers for the same property, the City may request additional information from all buyers.
A deposit of ten (10%) percent of the purchase price (per property) is due within seven (7) business days upon receipt and acceptance of the award letter.

The deposit is applied to the purchase price at the time of settlement.

Rights of Entry

Entry to the property is prohibited without obtaining an “Inspection Right of Entry” from Development Division.  Prospective buyers who wish to gain entrance to properties should contact our offices at 410.396.4111. All properties are awarded and sold in “as is” condition.  

Appraisals

Pursuant to the appraisal policy of the City of Baltimore, all properties valued at more than $20,000 require an appraisal performed by a licensed, DHCD-approved appraiser (list will be included in award letter). The buyer is responsible for paying the appraisal company in advance by Certified Check, Cashier’s Check, or Money Order within seven (7) business days from the date of the award letter.  The appraisal fee is NOT refundable. 

Settlement

Terms of Sales under this process are as follows:

  • The deposit is NOT refundable if the buyer fails to reach settlement (see terms below)
  • Settlement shall occur within 90 days of the execution of the Land Disposition Agreement (LDA) 
  • Settlement shall occur only upon evidence satisfactory to the Seller that the buyer has:
    • construction plans for the renovation of the Property
    • a timeline for the development
    • a fully executed construction contract for the complete renovation of the Property in accordance with the approved construction plan
    • verified funds and/or legally binding loan commitments in amounts sufficient to complete the renovation of the
  • Property in accordance with the approved construction plans

Property will be delivered free and clear of all liens at settlement
The deposit is NOT refundable if the buyer fails to reach settlement.

The City reserves the right to reject or disqualify proposals that are submitted in improper format or are incomplete.  The City further reserves the right to remove a property from Open Bid at any time.