The Enterprise Foundation has received a $500,000 grant from the Fannie Mae Foundation for its "neighborhood transformation project" in West Baltimore's Sandtown-Winchester area.
The grant is the largest single gift ever made by the Fannie Mae Foundation. It will be used as the Enterprise Foundation and the city, with community leaders, try to improve housing, health care and other services in Sandtown, an area where nearly half the 11,000 residents live in poverty.
The gift comes as former President Jimmy Carter and his wife, Rosalynn, are in Sandtown today to help renovate vacant houses as part of a Habitat for Humanity International project.
Mr. Carter, Mayor Kurt L. Schmoke, Chairman James A. Johnson of Fannie Mae, or the Federal National Mortgage Association, and Vice Chairman F. Barton Harvey of the Enterprise Foundation will attend a ceremony marking the grant at 5 p.m. today at the Wall of Pride, a mural at 1622 N. Carey St.
Fannie Mae, a government-sponsored, shareholder-owned corporation, is the nation's largest investor in home mortgages. Its foundation plans to award $6 million in grants this year.
Mr. Carter will also speak at a Sandtown Habitat for Humanity celebration at 7 p.m. todayat New Shiloh Baptist Church, 2100 N. Monroe St.
Both of Habitat for Humanity International's Baltimore affiliates will renovate houses today through Saturday. Volunteer slots are filled for this week, but both groups need workers for future projects. Call Sandtown Habitat for Humanity at 669-3309 or Chesapeake Habitat for Humanity at 435-0082.