Housing partnership to mark its fifth year

REAL ESTATE NOTES

May 31, 1992|By Edward Gunts

Baltimore housing commissioner Robert Hearn will join members of the St. Ambrose Housing Aid Society and neighborhood leaders from around the city this month to celebrate the fifth anniversary of the Intervention Buying Program.

On June 7 from 3 p.m. to 5 p.m., Mr. Hearn and the community leaders will gather at 2808 Erdman Ave., the latest house to be renovated and sold to an owner-occupant under the program, a partnership of the city, St. Ambrose, neighborhood groups and Harbor Federal Savings and Loan.

The partnership works to maintain the stability of neighborhoods by working to prevent homes from being sold by owner-occupants to absentee landlords.

Its strategy is to "intervene" by buying properties that are likely to be sold to investors and then reselling them to homeowners.

Since the program was launched in early 1987, 49 houses have been purchased by St. Ambrose and 37 have been resold to low- and moderate-income families.

Homes typically are bought from senior citizens who are no longer able to take care of them, estate sales, foreclosure sales and owners of vacant houses.

The house on Erdman Avenue was a dilapidated property bought at a real estate auction. Twelve volunteers from the Belair-Edison community spent a Saturday afternoon removing tons of trash and debris from it so renovations could begin.

A contract of sale has been signed by a couple that plans to purchase the house by taking advantage of Harbor Federal's 8.5 percent financing offer for first-time buyers, with a low down payment and no points.

Intervention buying began as a pilot program in the Belair-Edison neighborhood. It was later extended to the city's first three "conservation neighborhoods," Baltimore-Linwood; Edgewood and Callaway-Garrison.

On July 1, the program will be expanded to the Waverly community.

New Homes Month

The Home Builders Association of Maryland will hold its annual homebuyers program, entitled "Meeting the New Home Challenge," on June 30 from 7 p.m. to 9 p.m. at its headquarters, 1502 Woodlawn Drive.

The program will feature a panel of industry experts addressing buyer concerns such as choosing a builder and evaluating mortgage options.

The meeting is free to the public, but reservations are required. They can be made by calling the association at 265-7400.

Consumers may also call the association to receive a free copy of "The New Home Buyers Guide," a 30-page booklet.

The homebuyers program and the guide distribution are part of a package of services the association is offering during June, which has been proclaimed "New Homes Month" in Maryland.

Schaefer House

The State Department of Juvenile Services has begun operating a residential drug abuse treatment facility at William Donald Schaefer House, a complex of two recently renovated mansions at 907 and 909 Druid Park Lake Drive.

State officials bought the two mansions, which date from 1913, in an effort to save them for adaptive reuse, and named them after Governor Schaefer.

Renovation work was completed on April 28 at a cost of $1.15 million. John Brunnett Architect was responsible for the renovation design, and Hopkins Construction Co. was the general contractor.

Preservation panel

Mayor Kurt L. Schmoke has appointed a steering committee to oversee implementation of new policies for preserving historically and architecturally significant buildings in Baltimore.

The preservation policies came out of the mayor's 18-month effort to develop guidelines for continuing development of downtown Baltimore over the next 20 years.

The committee includes William Bower of First National Bank of Maryland; Jack Briehan, a professor with Loyola College; Deborah Goodman, chairman of the city's Commission for Historical and Architectural Preservation; Mark Pollak, an attorney with Piper & Marbury; Fred Shoken, president of Baltimore Heritage; developer Dan Stone of Stone & Associates; and City Council member Agnes Welch, D-4th.

Rock Realty

Mark L. Levy, a former vice president of Continental Realty, has formed Rock Realty, a full service real estate company that provides development, acquisition, consulting, brokerage and management services.

Located at 25 Main St. in Reisterstown, Rock Realty is providing fee development services to many companies, including Continental, Douglas Legum Development Inc., and Pridemark Homes. Rock is also developing 180 acres for Hearth and Home Distributors Inc., a 70-acre industrial parcel in Howard County and a 110-acre resident parcel in Carroll County.

Mr. Levy has developed more than 1 million square feet of space and more than 600 acres in eight jurisdictions.

D. I. Design

D. I. Design and Development Consultants Inc. of Baltimore has

won two awards in the Gold Nugget competition sponsored by the Pacific Builder's Conference for its work on Pantai Indah Kapuk, a 2,950-acre waterfront community on the Java Sea in Indonesia.

The project won both the Grand Award for "Best New Town Land Plan" and Site Plan of the Year" at the competition ceremony, held earlier this month in San Francisco. The honors are the first that the conference has ever awarded to a project in Indonesia.

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