REALTORSBoard appoints Myer public relations chiefThe...

REAL ESTATE BRIEFLY

January 20, 1991

REALTORS

Board appoints Myer public relations chief

The Greater Baltimore Board of Realtors has appointed Paula E. Myer director of public relations and marketing. She will be responsible for implementing internal and external public relations, communications and marketing programs.

Before her appointment, Ms. Myer was marketing communications manager at Nurad Inc. of Baltimore, a manufacturer of microwave antenna products for the defense industry.

Previously, she was associate editor of Heat Management, a publication of the Industrial Heating Equipment Association of Arlington, Va.

Ms. Myer earned a bachelor's degree in journalism from the University of Wisconsin at Madison and a master's degree in publications management and design from the University of Baltimore.

Patricia Harman, the board's former director of public relationand marketing, will serve as editor of Real Estate News, the monthly tabloid of the GBBR.

Schmoke, communities open condominiums

LAFAYETTE SQUARE

Mayor Kurt L. Schmoke and members of the Harlem Park and Sandtown-Winchester communities held a ribbon-cutting ceremony Wednesday officially opening 21 condominium units and two historic homes in Lafayette Square.

The $1.3 million project is the largest to date financed by thcity's Community Development Financing Corp., a unit of the Department of Housing and Community Development.

"It's encouraging to see an otherwise stable neighborhood turn its vacant properties into homeownership opportunities," Mayor Schmoke said at the ceremony, held at Lafayette and Carrollton avenues.

Each of the homes has three bedrooms, including one on the first floor, and costs $74,700. The condo units are priced from $59,000 and include a back yard and second-floor deck.

Potential buyers may qualify for mortgages starting at a 5 percent interest rate by meeting the state Community Development Administration's program requirement: annual income of up to $37,500 for families.

Another part of the financing package is the Settlement ExpensLoan Program. This feature allows the owner to finance closing costs at 5 percent interest, thereby reducing the amount needed to settle on the property.

The project was developed by Lafayette Square Inc., a partnership of Paul Bryant and Alex Sotir, both Baltimore developers.

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