BUSINESS
By Steve Kilar and The Baltimore Sun | December 12, 2012
The local branch of Habitat for Humanity has already received several properties as part of a nationwide commitment by Bank of America to donate 2,000 vacant homes to the affordable housing organization. “These donations can make a dramatic difference for so many Habitat affiliates, increasing their suitable property inventory,” said Jonathan Reckford, CEO of Habitat for Humanity International, in a statement this week. Habitat's outposts across the U.S. are receiving the homes from Bank of America on a case-by-case basis, as they become available.
BUSINESS
By Steve Kilar and The Baltimore Sun | November 27, 2012
Mayor Stephanie Rawlings-Blake on Tuesday announced an expansion of her signature urban revitalization program, Vacants to Value. The Baltimore Housing Department has set a goal of tearing down 1,500 vacant properties and renovating another 1,500 in the 36-month period that begins in January, Rawlings-Blake said. The Clinton Global Initiative designated the ambitious plan as one of its “Commitments to Action,” the mayor said at an event marking the two-year anniversary of Vacants to Value.
NEWS
July 15, 2012
Baltimore's effort to recover millions of dollars in lost revenue stemming from the wave of home foreclosures that followed the collapse of the housing market in 2007 was vindicated Thursday when Wells Fargo Bank, the nation's largest mortgage lender, agreed to pay at least $175 million to settle claims that it discriminated against African-American and Hispanic borrowers by steering them into high-cost, subprime mortgage loans. Baltimore will receive $7.5 million, and seven other communities - Chicago, Cleveland, Los Angeles, New York, Philadelphia, the San Francisco Bay Area and Washington - will benefit as well The Justice Department, which announced the agreement, said it is the second largest fair-lending settlement in its history.
NEWS
June 22, 2012
The city health officials who plan to strip non-conforming liquor stores of their licenses because of a Johns Hopkins University study linking them to violent crime may be confusing correlation with causation ("City targets liquor stores", June 18). The distinction is important, because if the liquor stores aren't what's causing the crime, then closing them won't cause it to drop and could even exacerbate the problem. Vacant properties, for example, also correlate with violent crime.
BUSINESS
Jamie Smith Hopkins | May 31, 2012
Baltimore is getting $10 million from the national mortgage settlement, and city officials intend to use almost all of it to demolish vacant homes -- about 700 in total. That's a snippet in the story about the state attorney general announcing how the state-controlled $60 million from the settlement will be spent . But it's interesting, and I thought you might like to know more. Julie Day, deputy commissioner for land resources at Baltimore's housing agency, said city officials have been working on a demolition strategy in the past few months and are delighted to be handed millions of dollars for anti-blight work.
NEWS
By Julie Scharper, The Baltimore Sun | December 6, 2011
Mayor Stephanie Rawlings-Blake hopes to attract 10,000 families to Baltimore in the next decade — which would reverse more than a half-century of population decline — and would like to serve at least one more term beyond the one she begins Tuesday. "If Baltimore is to have a future, the leadership in the city has to focus on making the city a vibrant, growing city," Rawlings-Blake said in an interview Monday. "If you're not focused on growing it, you're resigned to a slow death.