Vacants to Value Makes National News on MSNBC - Tune in on June 13th!
Mayor Rawlings-Blake’s innovative program drives growth and reinvestment in Baltimore
(Baltimore, MD – June 12, 2013) Mayor Stephanie Rawlings-Blake’s Vacants to Value initiative will gain national attention when it is featured on MSNBC’s Now with Alex Wagner on Thursday, June 13th at 12pm. The MSNBC host went on a walking tour of the 1200 block of N. Broadway, in the Oliver community, with Mayor Rawlings-Blake and discussed how Vacants to Value has transformed this community and inspired the City’s Clinton Global Initiative America (CGI America) commitment.
"We have neighborhoods that have suffered major disinvestment but are now being transformed into vibrant communities," said Mayor Rawlings-Blake. "Vacants to Value is the product of collaboration with our community partners – collaboration that will ultimately change the lives of 18,000 families living on blighted blocks. Though this is a housing program, it also creates jobs and job training opportunities for hundreds in Baltimore."
Under the CGI America commitment, the Mayor has pledged to demolish and rehab 3,000 properties over the next three years utilizing the tools of Vacants to Value. Launched in November of 2010, Vacants to Value is driving growth and reinvestment in Baltimore's neighborhoods by streamlining the sale of vacant city property; strengthening code enforcement efforts to promote rehabilitation; and providing targeted incentives for homebuyers and developers who invest in vacant properties. In March, the Mayor went above and beyond the CGI commitment and pledged to demolish 4,000 blighted properties over the next 10 years. Vacants to Value is a major component of Mayor Rawlings-Blake’s plan to bring 10,000 families to Baltimore over the next 10 years.
"The blight that impacts our neighborhoods has certainly received a lot of negative attention,” said Baltimore Housing Commissioner Paul Graziano. “We’re glad that the progress we are making with Vacants to Value to strengthen our communities is getting positive national attention."
For more information about the Vacants to Value initiative, visit Baltimore Housing’s website at www.baltimorehousing.org.
About the Clinton Global Initiative (CGI)
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI) convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date CGI members have made more than 2,100 commitments, which are already improving the lives of nearly 400 million people in more than 180 countries. When fully funded and implemented, these commitments will be valued at $69.2 billion.
CGI’s Annual Meeting is held each September in New York City. CGI also convenes CGI America, a meeting focused on collaborative solutions to economic recovery in the United States, and CGI University (CGI U), which brings together undergraduate and graduate students to address pressing challenges in their community or around the world. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.
About CGI America
President Clinton established the Clinton Global Initiative America (CGI America) to address economic recovery in the United States. CGI America brings together leaders in business, government, and civil society to generate and implement commitments to create jobs, stimulate economic growth, foster innovation, and support workforce development in the United States. Since its first meeting in June 2011, CGI America participants have made more than 100 commitments valued at $11.8 billion. When fully funded and implemented, these commitments will improve the lives of three million people, create or fill more than 150,000 jobs, and invest and loan $354 million to small and medium enterprises in the United States.