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Public Housing

East Baltimore re-development project wins $3.4 million grant

East Baltimore re-development project wins $3.4 million grant

One of the developers behind an ambitious project to transform a swath of Baltimore just east of downtown has been awarded a $3.37 million grant from the U.S. Treasury Department to help build affordable homes in the city’s Somerset neighborhood.

Mission First Housing Group, one of the developers of the city’s Perkins Somerset Oldtown (PSO) Transformation Project, was awarded the grant through the Capital Magnet Fund, a program of the Treasury Department’s Community Development Financial Institutions Fund.

The $889 million PSO project aims to revitalize the 75-year-old Perkins Homes, the site of the former Somerset public housing development and Old Town.

Mission...

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