Baltimore Launches 15-Year, $6B Housing Redevelopment Program

Baltimore Launches 15-Year, $6B Housing Redevelopment Program
News| September 25, 2025| Jasmine Kilman
Washington DC + Apartment Buildings

Baltimore is launching a new 15-year, $6.2 billion housing redevelopment program aimed at revitalizing tens of thousands of vacant or “at-risk” properties across the city. The program represents the largest community investment in Baltimore’s history. 

The initiative is supported by $1.2 billion in public investment commitments and will leverage an additional $5 billion in private-sector financing, according to the Greater Baltimore Committee. The comprehensive, 15-year strategy will initially revitalize more than 37,000 vacant or at-risk properties, tipping market conditions for private development across an additional 33,000 houses and lots.

To date, the effort has secured $300 million from the City of Baltimore, including a first-of-its-kind affordable housing tax increment financing program and $900 million from the State of Maryland. Together, these commitments mark essential steps toward reaching $3 billion in public funding over the next 15 years.

“We’re committed to transforming Baltimore’s neighborhoods by addressing vacancy with urgency and precision,” said Secretary Jake Day, Maryland Department of Housing and Community Development.

Other News

Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion

Boston & New England + Apartment Buildings

Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...

Learn more

MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage

Boston & New England + Apartment Buildings

The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...

Learn more

Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla

Seattle & Northwest + Apartment Buildings

Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up