Land Disposition Agreements Turn Vacants into Affordable Housing
New affordable, quality housing will be created for low- and moderate-income families
The Board of Estimates recently approved two land disposition agreements for city-owned vacant properties on Violet Avenue and Eager Street. The conveyance of these properties to private developers will ultimately create affordable housing opportunities for Baltimore City residents. GBAHC Park Heights Homes, LLC, a private non-profit housing developer that provides affordable and quality housing to low and moderate-income families, was granted approval to purchase three vacant properties located at 2620, 2622 and 2625 Violet Avenue. Each property will be completely rehabbed by the developer and made available for homeownership.
“This is a great example of Vacants to Value at work,” said Housing Commissioner Paul T. Graziano. “We are releasing city-owned vacants to private developers, who in turn will put these properties back into productive use and help drive growth in Baltimore's neighborhoods.”
Adopt-A-Block has also identified 2500 E. Eager Street in the Milton-Montford neighborhood for its Annual Give-A-Way to low-income families. The nonprofit organization will sponsor Ms. Gladys Edmonds, who will purchase the vacant property from the City. Adopt-A-Block will gut and rehabilitate the property into a single-family residential unit. Once complete, Ms. Edmonds will reside in the home as her primary residence.
The estimated total rehabilitation cost for the Eager Street property will be $40,000 in private funding. Ms. Edmonds will invest at least 330 hours of “sweat equity” on rehab of the home. Eager Street Development 28 was previously approved by the City to purchase the property but agreed to release it to Ms. Edmonds.