Ryland Group Inc. of Columbia and Baltimore-based developers Struever Bros., Eccles & Rouse will build 283 town houses for low-income residents in West Baltimore, sharing a $16.4 million contract from Enterprise Nehemiah Development Inc.
"This is for-sale housing," said Vaike Talts , a spokeswoman for Ryland, the nation's second-biggest homebuilder. And she said the builders aren't taking the job as a charity case to provide low- and moderate-income housing.
"It's a straight business deal," she said. "We're going to be doing a lot of this stuff down the road. It's an underserved market."
Enterprise Nehemiah Development is a joint venture of the non-profit group BUILD (Baltimoreans United in Leadership Development) and the Enterprise Foundation of Columbia. The venture has obtained much of its funding through city, state and federal government aid.
Enterprise Foundation was founded by James Rouse, founder of the Rouse Co. and formerly a longtime member of Ryland's board of directors, to build and restore homes for lower-income families. He is also the father of Struever Brothers executive Ted Rouse.
Ms. Talts said Ryland will supply the project with modular homes it will build at a plant in North East, in Cecil County. Struever Bros. and Ryland will split on-site construction and finish work on the homes, she said.
Bill Toohey, a spokesman for Baltimore's Department of Housing and Community Development, said most of the houses will be built in the city's Sandtown-Winchester neighborhood, near Carey and Laurens streets. The rest will be built in the Penn North neighborhood near Traction Street.
Mr. Toohey said the project has lined up $4.2 million in federal funding, about $11 million in city aid for site acquisition and development, $11 million in low-cost state mortgage money and more than $2 million from BUILD.