Grant to help finance houses in Sandtown City was awarded $5.2 million by HUD

April 12, 1997|By Brenda J. Buote | Brenda J. Buote,SUN STAFF

A $5.2 million grant awarded to Baltimore Tuesday by the U.S. Department of Housing and Urban Development will help finance the construction of 300 homes in Sandtown-Winchester, city housing officials said yesterday.

The funds will be used to attract $30 million from sources including the city and state governments, financial institutions and foundations. That money will be used to build and renovate houses in a so-called Homeownership Zone to be called Sandtown-Winchester Square, said city housing spokesman Zack Germroth.

"This development will continue the transformation of Sandtown-Winchester," he said.

In 1991, the city -- in collaboration with the Enterprise Foundation and Baltimoreans United in Leadership Development (BUILD) -- built 227 houses in the community as part of the Nehemiah low-income housing program.

Baltimore was one of six cities selected by HUD to develop a Homeownership Zone. In addition to the grant, Baltimore was awarded about $6 million in loan guarantees. Under the homeownership initiative, HUD distributed a total of $30 million in grants and $60.8 million in loan guarantees to the six cities for "transforming urban wastelands."

Announcing the new program, Housing Secretary Andrew Cuomo said the assistance will help about 2,000 families become owners of new or rehabilitated homes in Baltimore, Buffalo, N.Y., Cleveland, Louisville, Ky., Philadelphia and Sacramento, Calif.

Sandtown-Winchester Square will be adjacent to the Nehemiah homes. The Enterprise Foundation and BUILD, continuing their partnership, will develop the project. Urban Design Associates and Daft, McCune & Walker will lead the design effort.

The $30 million will be provided by the state, the city, the Enterprise Foundation, NationsBank, Atlantic Federal Savings Bank, the Federal Home Loan Bank of Atlanta and 25 religious institutions and hospitals.

For information on the program, call the city housing department at 396-3237.

Pub Date: 4/12/97

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