Real Estate

City readies $1.3M loan for Savannah

Baltimore City is poised to loan $1.32 million to the developer who failed to provide affordable housing in a building she bought with city money and later sold for $1 million more than she first paid. <p> Developer BettyJean Murphy would use the loan to pay for upgrades to the Alcott Place Apartments, a senior-housing complex in Northwest Baltimore that her company, Savannah Development Corp. helped create in 1990.

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