$50 million initiative aims to improve Baltimore's vacant property problem

$50 million initiative aims to improve Baltimore's vacant property problem

It's a major step towards combating Baltimore's vacant housing crisis. After months of planning, officials are speeding up revitalization efforts.Maryland's Housing Secretary approved $50 million for developers starting July 1.The accelerated roll out intends to jump start the process revamping Baltimore's nearly 13,000 vacant homes and 30,000 empty lots.Instead of waiting 18 to 24 months developers can expect to receive funds in less than a yea…

Maryland Department of Housing and Community Development Announces Accelerated $50 Million Baltimore Vacants Reinvestment Initiative Application Round – Maryland Economic Development Association (MEDA)

The new program application will prioritize the redevelopment of vacant land and properties with vacant building notices and invest in organizations that are nimble and efficient BALTIMORE, MD (April 2, 2025) – Maryland Department of Housing and Community Development Secretary Jake Day today announced the Fiscal Year 2026 application round for the Baltimore Vacants Reinvestment Initiative (BVRI) has opened. The accelerated application round will…