Also by Reinvestment Fund

Central Baltimore Future Fund

The Central Baltimore Future Fund (CBFF) is a $10 million loan pool designed to work in concert with a comprehensive neighborhood revitalization strategy to eliminate blight and stimulate economic growth. CBFF provides loans to developers and building owners who are creating high-impact real estate projects.

Power of Collaboration


CBFF bring together a broad array of partners such as the Abell Foundation, Annie E. Casey Foundation, City of Baltimore, First Mariner Bank, Goldseker Foundation, Howard Bank, Johns Hopkins University, Living Cities Foundation, M&T Bank, MECU, PNC Bank and Rosedale FSB. CBFF is managed by Reinvestment Fund, which is also responsible for underwriting, closing, and monitoring all CBFF loans.

The fund is a major component of the Homewood Community Partners Initiative (HCPI) agenda. HCPI is an economic development agenda launched by Johns Hopkins University and prepared in partnership with stakeholders from the 10 neighborhoods within the HCPI footprint. HCPI is driven by 29 specific goals in pursuit of attracting 3,000 new households and $1 billion in capital investments by 2022. CBFF is a powerful tool integral to advancing HCPI’s goals to build on the momentum in Central Baltimore.

Eligible Projects


Projects utilizing CBFF funds must be located within the boundaries of the 10 HCPI neighborhoods in Central Baltimore. Projects must also meet at least one of the two criteria below to be eligible:

  1. Be located on or within one block of a neighborhood commercial corridor where a corridor revitalization strategy is in place; or
  2. Be in a location where a community plan is in place or under development, and it must be consistent with that plan.

Particular consideration will be given to projects that are accessible by multiple lines and/or modes of public transit and are transit- and pedestrian-oriented.

Opportunity Goals


CBFF seeks to maximize employment opportunities that these projects may provide for area residents. To that end, project teams must work toward goals to ensure the projects are catalytic and provide opportunities for area residents while improving community conditions. Project teams are expected to:

  • Dedicate 30% of contracting must be dedicated to minority business enterprises.
  • Include local workforce/local hiring as part of the construction of their projects, with a goal of at least one local hire for each $1 million of construction activity.
  • Pursue a goal of filling 51% of new permanent jobs with Baltimore City residents and approximately 20% of all new jobs with low-income individuals connected with a workforce program.

For more details about the program and to apply, contact Dana Johnson at 410.783.1110 or
dana.johnson@reinvestment.com