Baltimore Housing Launches New Web Page for “Vacants to Value” Streamlining the Sale of Vacant City Property
BALTIMORE, MD. (December 6, 2010)- Baltimore Housing has expanded its website to include a newly designed web portal that will make it easier to sell city owned property and return them to productive use. The portal, www.baltimorehousing.org/vacants_to_value.aspx, allows interested parties to browse a database of available city owned properties for the purposes of purchase and redevelopment. This resource will expedite the process of returning blighted properties to productive use.
Mayor Stephanie Rawlings-Blake and Baltimore Housing's Commissioner, Paul T. Graziano, launched Vacants to Value in November as the administration's new integrated approach to address the blight in Baltimore's neighborhoods after decades of property abandonment and disinvestment. Baltimore Housing's newly reorganized Land Resources Division is committed to streamlining the disposition process by creatively marketing city-owned properties and increasing access to their listing. This initiative will stimulate growth and reinvestment in Baltimore's neighborhoods.
“We want everyone to know that Baltimore is open for business,” said Baltimore Housing Commissioner Paul T. Graziano. “Baltimore is primed for investment and the launch of our new webpage shows that we are ready to create an environment for significant change.”
Mayor Rawlings-Blake's “Vacants to Value” strategy to reduce blight is projected to cut the transactional time of selling city property from one (1) year to three (3) months increasing the number of vacant city properties sold. The webpage is designed to be interactive and responsive to the buyer's needs. Its initial launching will only feature a limited number of properties and resources. As the program continues to evolve the web page will expand and include unique resources for interested investors.
Go to 'Vacants to Value'!