Reinvestment Fund financing has supported the rehabilitation of 35 vacant rowhomes in three phases in Baltimore’s Barclay neighborhood, an area that has been blighted by a large number of vacancies. In addition to providing affordable housing for moderate-income families, the project’s second phase construction will create 45 jobs, with 20% of the available work hours going to local residents. The project also seeks to meet a 27% participation rate of Minority Business Enterprise firms.
Known as the North Calvert Green development, the townhomes are designed to Enterprise Green Communities criteria and expected to achieve the Energy Star for New Homes Standard. Located in the Old Goucher College National Historic District, the townhomes will also meet historic preservation standards.
North Calvert Green is part of the Barclay/Midway/Old Goucher redevelopment by the Telesis Corporation. Telesis was selected by the City of Baltimore to create 322 units of mixed-income, mixed-tenure housing in the area. The redevelopment is the result of a comprehensive planning process involving the community, developers, city officials and potential funding partners.
Telesis has utilized Federal Low Income Housing Tax Credits to help move forward several phases of the redevelopment.