The Baltimore Vacants Reinvestment Initiative program provides capital to Baltimore City’s community-based development organizations to successfully redevelop as many properties with Vacant Building Notices.
Donor Name: Maryland Department of Housing and Community Development
State: Maryland
City: Baltimore
Type of Grant: Grant
Deadline: 05/23/2025
Size of the Grant: Not Available
Grant Duration: Grant Duration Not Mentioned
Details:
The Baltimore Vacants Reinvestment Initiative (BVRI) provides public and nonprofit partners in Baltimore City with state funding to address vacant properties through acquisition, stabilization, demolition and other pre-development activities, clearing the way for new green space or affordable housing and mixed-use developments.
BVRI Goals
- Rapidly expedite reduction of properties with vacant building notices and rapidly increase the number of vacant homes converted to occupied housing with an emphasis on homeownership growth
- Stabilize and grow population and households through increased production of renovated homes and newly constructed homes
- Leverage private sector capital for housing development finance
- Strengthen neighborhood housing values and resident homeownership wealth without displacement.
Eligible Activities
- Grants and loans to finance:
- Acquisition, stabilization, and renovation of vacant buildings
- Acquisition and aggregation of vacant lots for the purpose of new infill housing construction and/or community open space
- Urgent demolition of properties
- Other predevelopment activities for renovation and new construction projects
- Awarded funds support activities that accelerate the remediation of vacant properties, particularly those with VBNs.
Eligible Criteria
- Community development organizations (CDOs), nonprofit organizations that operate for the purpose of improving the physical, economic, or social environment of its geographic areas of operation
- If funded, CDOs may be required to provide:
- a government resolution
- corporate board resolution
- charitable registration
- Local governments.
For more information, visit MDHCD.
