Baltimore’s Board of Estimates is set to approve the sale of 12 city-owned properties for $12 to the Housing Authority of Baltimore City.
The properties will eventually be purchased by Telesis Corp. as part of the Barclay/Old Goucher redevelopment plan.
The authority will pay $1 for each property in the group, which comprises vacant lots running from 403-419 E. 21st 1/2 St and vacant homes at 420, 424 and 426 E. 21st St.
According to the city, selling the properties will:
- Eliminate blight caused by city-owned vacant buildings
- Benefit the immediate community through restorations
- Return the properties to the tax rolls with their eventual sale to Telesis.
The Telesis Corp. redevelopment plan, which was submitted to Baltimore Housing in 2007, aims to revitalize the area with a mix of new housing units.
The plan calls for:
- ? 101 market-rate homeownership opportunities
- ? 22 affordable homeownership opportunities (80% of Area Median Income)
- ? 43 replacement public housing units (PHA-OF Units)
- ? 91 affordable rental units
- ? 65 market-rate rental units
- ? Approximately 12,000 square feet of community and retail space
- ? A new neighborhood park
- ? An improved Calvert Street Park
- ? An improved streetscape across the neighborhood.
The Barclay and Old Goucher neighborhoods are situated between Station North, where the city has created special tax incentives to encourage development, and the Charles Village neighborhood to the south.