Board of Estimates Supports Major Housing Grant
Award could bring $100 Million to the City
(Baltimore, MD – August 28, 2013) Baltimore Housing Commissioner Paul T. Graziano is pleased to announce the Board of Estimates’ approval of two items providing critical support of the The Community Builders, Inc. (TCB) in their application for the Choice Neighborhoods Initiative Implementation Grant (Choice Neighborhoods Grant). The first is a $46,000 grant to offset application costs to the Choice Neighborhoods Grant. The second item is a land disposition agreement conveying 133 city owned vacant properties to TCB for the development of new housing.
The Grant is the United States Department of Housing and Urban Development’s (HUD) major initiative designed to address struggling neighborhoods with distressed public housing or HUD-assisted housing through a comprehensive approach to neighborhood transformation while linking housing improvements with appropriate services such as schools, public assets, transportation, and access to jobs. HUD anticipates awarding four grants nationwide, with an average award amount of $30,000,000.
“Today’s Board approval sends a resounding signal that we are all on the same page when it comes to our commitment to strengthening our communities,” said Commissioner Graziano. “Mayor Stephanie Rawlings-Blake has instituted a
plan to help bring 10,000 families to the City and the Boards’ approval today certainly helps us meet that goal.”
Preparing and submitting the Implementation Grant can cost as much as $250,000 due to the submission requirements, such as comprehensive site plans, renderings and floor plans of proposed new housing and a detailed physical assessment of the development proposed for redevelopment and a site plan for the overall Transformation area.
The TCB has requested $46,000 from the City to help offset these costs and anticipates spending over $200,000 of its own funds to ensure a highly competitive application. If awarded the grant will be used to replace Pedestal Gardens Apartments, a 203-unit physically obsolete and unsafe apartment community with mixed-income housing units in the Druid Heights and Madison Park communities. The granting of such an award could result in as much as $100 million in investment. The plan will provide strategies to improve scattered housing in close proximity to Pedestal Garden Apartments as well as strategies to improve health and
wellness, enhance supportive services for school aged children and their families, and improve education opportunities.
Founded in 1964, TCB is one of the nation’s largest and most respected non-profit affordable housing developers, In 2012 HUD awarded the TCB a $29,500,000.00 Choice Neighborhoods Implementation Grant for Cincinnati’s Avondale neighborhood and was the only grant awarded to a non-profit applicant. The TCB is headquartered in Boston, Massachusetts and has 11 offices including one in Washington, D.C.