Former city housing official going to work for BDC Economic development

THE BALTIMORE SUN

Mark Sissman, deputy housing commissioner in Baltimore during the mayoral administration of William Donald Schaefer, is returning to city government after a 14-year hiatus.

City officials said yesterday that Sissman will be an economic development consultant to the Baltimore Development Corp., working on a six-month contract to help identify sources of funds to carry out the city's $350 million plan to redevelop the west side of downtown and other large-scale projects.

BDC President M. Jay Brodie said the development corporation has been negotiating to hire Sissman from Jan. 1 to June 30 and that Sissman would work out of BDC's offices.

"We want to use his financial expertise to help us look at the West Side plan and put together a financial strategy" to stimulate public and private investment, Brodie said. "He knows a great deal and has some excellent contacts."

Sissman worked for the Baltimore housing department from the mid-1970s to 1984, when he left to join the Enterprise Foundation, the nonprofit organization that James and Patty Rouse founded to provide "fit and affordable" housing for low-income residents.

For many years Sissman was president of the Enterprise Social Investment Corp., a subsidiary that secured financing for residential projects using tax credits for low-income housing and other funding sources. He resigned as president of ESIC in June and most recently has been vice chairman for strategic initiatives at Enterprise.

Pub Date: 12/04/98

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