NEWS
By Steve Kilar, The Baltimore Sun | January 13, 2012
Baltimore's Housing Authority filed a motion Friday to prevent its property from being sold in order to satisfy a $2.6 million judgment in a lead paint exposure case, according to the agency. Last week, representatives from the Baltimore's sheriff's office tagged vehicles used by the Housing Authority in anticipation of seizing them to pay off a jury award. Siblings Antonio Fulgham and Brittany McCutcheon were provided the judgment in 2010, but the agency has resisted making payments while it appeals.
NEWS
By Nicole Fuller, The Baltimore Sun | November 24, 2011
The developer of a planned affordable-housing community in Glen Burnie will start construction on the project next month, after the Anne Arundel County Council voted to grant the company a key tax break on the project. The council's 4-3 vote on the tax break for New York-based Conifer Realty allows the 36-unit project to move forward, despite complaints from residents who said the development has the potential to bring more crime to the area and decrease property values. Those assertions were voiced by County Councilman John J. Grasso, who represents the Glen Burnie area and has said it already has an abundant stock of low-income housing.
NEWS
By Nicole Fuller, The Baltimore Sun | October 21, 2011
A plan to build an affordable housing development in Glen Burnie has ignited a heated debate among members of the Anne Arundel County Council. Councilman John J. Grasso, a Glen Burnie Republican whose district includes the planned Marley Meadows development, spoke out against the plans at a recent County Council meeting, saying low-income residents are likely to bring crime to the area, an assertion quickly dismissed by some of his colleagues....
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | March 27, 2011
This month, the Baltimore office of Ballard Spahr LLP closed a $460 million real estate deal — the largest U.S. sale of multifamily dwellings outside New York in the past three years, according to commercial real estate industry players. The deal was a coup for the office, which represented the buyer of eight apartment complexes in Maryland and Northern Virginia that contain more than 2,500 units. Marci Gordon, the partner who led Ballard Spahr's team of lawyers during the seven-month negotiation, said the acquisition of the apartment buildings, known as the Magazine Portfolio, by a joint venture of Pantzer Properties and Dune Real Estate Partners showed the strength of rental properties, which have benefited from the continuing slump in the for-sale housing market.
NEWS
February 10, 2011
The article "Recession takes toll on low income renters" (Feb. 4) sheds light on the dwindling supply of affordable apartments at a time when they are needed most. The Low Income Housing Tax Credit is the largest creator of affordable rental housing in the United States and is funded through private investment. It is one of the most successful government programs in modern history. Yet, it is at risk of being eliminated with potential upcoming tax reform. Since its creation in the Tax Reform Act of 1986, nine out of 10 affordable apartments have been developed through the tax credit program, a total of more than 2 million units nationwide.
NEWS
By Larry Carson and Larry Carson,larry.carson@baltsun.com | January 31, 2010
With a final County Council vote scheduled Monday on rezoning downtown Columbia, advocates for housing affordable to low-wage workers feel their hopes for a last-minute compromise are dead. The Howard County Council briefly discussed their ideas at a nearly five-hour work session Monday night, but it appears ready to adopt a requirement that builders provide at least 15 percent of new units for households with incomes under about $80,000 - too high, the advocates said, to meet the real need.