The state of Maryland is starting to implement state’s Project CORE program in the city of Baltimore, a report by the Baltimore Sun says. The state is using $16 million of its $75 million total grant funds to work on 30 projects in the city.
According to the report, the project’s goal is to demolish vacant homes and put either new developments or green space in their place over the span of four years. The first project was the Madison Park North apartment building, which is going through a $2 million development through the Project CORE program.
A portion of the funding goes to the Maryland Stadium Authority, which is overseeing a slow-to-start demolition program targeting large blocks of vacant buildings, the report says. The grants the organization receives are reserved for nonprofit applications and city agencies. Many of the awards went to projects in West Baltimore, a part of the city with high crime, poverty and vacancy rates.
The grant money went to 17 organizations that were selected from a group of 36 applications for 77 projects. In East Baltimore, the city’s Department of Housing and Community Development and the East Baltimore Development Corp. were awarded grant funding. In West Baltimore, recipients include the Upton Planning Committee, the Druid Heights Community Development Corp. and Habitat for Humanity of Chesapeake.
According to the report, most of the work funded by the grants will happen within the next 18 months. Many of the projects, including affordable housing, historic office conversions and a park expansion, will need additional funds in order to complete.
For the Madison Park North project, MCB Real Estate, and MLR Partners, both located in Baltimore, is planning a $100 million project, including a 50,000 square foot innovation center, retail space with a 25,000 square foot supermarket and 300 to 500 apartments. The report says the agencies are also considering construction of a 30,000 square foot community health care facility next to the site.
According to the report, demolition for the project is expected to cost between $2 million to $2.5 million.
No more results found. According to the report, the project’s goal is to demolish vacant homes and put either new developments or green space in their place over the span of four years. The first project was the Madison Park North apartment building, which is going through a $2 million development through the Project CORE program.
A portion of the funding goes to the Maryland Stadium Authority, which is overseeing a slow-to-start demolition program targeting large blocks of vacant buildings, the report says. The grants the organization receives are reserved for nonprofit applications and city agencies. Many of the awards went to projects in West Baltimore, a part of the city with high crime, poverty and vacancy rates.
The grant money went to 17 organizations that were selected from a group of 36 applications for 77 projects. In East Baltimore, the city’s Department of Housing and Community Development and the East Baltimore Development Corp. were awarded grant funding. In West Baltimore, recipients include the Upton Planning Committee, the Druid Heights Community Development Corp. and Habitat for Humanity of Chesapeake.
According to the report, most of the work funded by the grants will happen within the next 18 months. Many of the projects, including affordable housing, historic office conversions and a park expansion, will need additional funds in order to complete.
For the Madison Park North project, MCB Real Estate, and MLR Partners, both located in Baltimore, is planning a $100 million project, including a 50,000 square foot innovation center, retail space with a 25,000 square foot supermarket and 300 to 500 apartments. The report says the agencies are also considering construction of a 30,000 square foot community health care facility next to the site.
According to the report, demolition for the project is expected to cost between $2 million to $2.5 million.