Taking a Chance: Revitalizing RemingtonSeeing the possibilities in a struggling Baltimore neighborhood, Enterprise partnered with Seawall Development to catalyze change and expand opportunity.
Resurgent RemingtonHelping to turn an entire neighborhood for the better, the NMTC program and the effect it can have is on display in Remington, a northern Baltimore neighborhood. Encouraging investment and supporting one project to help stabilize a neighborhood, NMTC was utilized to rejuvenate Miller’s Court, an unused and derelict building into a center for nonprofits such as Wide Angle Youth Media. Since, more investments have been made into housing, community-focused retail and more.
Volunteers of America Chesapeake Serves MD, DC and VA, Including Arlington CountyVolunteers of America Chesapeake, Inc. is a faith-based, non-profit organization whose mission is inspire self-reliance, dignity and hope through human services.
Founded in 1896 in Baltimore, MD, Volunteers of America Chesapeake was one of the first branches of Volunteers of America - one of the nation's largest and most comprehensive human services organizations.
Volunteers of America Chesapeake helps more than 10,000 people each year throughout Maryland, Virginia, including Arlington County, and the District of Columbia through 29 programs serving the homeless, individuals with intellectual disabilities, seniors, those recovering from substance abuse addictions, those involved in community corrections and many more. http://www.voaches.org/
East Baltimore benefits from the New Markets Tax CreditEast Baltimore's revitalization
TRF New MarketsTax Credit Investments in BaltimoreThe Reinvestment Fund (TRF) is financing two major education projects in Baltimore -- the Maryland Institute College of Art's (MICA) Studio Center and Elmer A. Henderson: A Johns Hopkins Partnership School (Henderson-Hopkins). Both projects signal new momentum in challenged neighborhoods. TRF provided New Markets Tax Credits totaling over $20 million for both projects, which will bring over 200 jobs and serve over 700 students.
"These projects are symbolic of TRF's long-term commitment to Baltimore," explained Don Hinkle-Brown, TRF's President and CEO. "In the past 5 years, we have invested $50 million in these neighborhoods through our lending and real estate development efforts. The MICA Studio Center and the Henderson-Hopkins school are more than just catalysts for economic development -- they are investments in creating world-class educational opportunities and building vibrant communities in Baltimore."
CASA de Maryland Opens with Enterprise SupportU.S. Senators Barbara Mikulski and Benjamin Cardin (Md.) were among the special guests who helped cut the ribbon on CASA de Maryland's newly expanded and renovated multicultural center in Langly Park, Md. Through an investment partnership with Bank of America, Enterprise helped finance the green property with $7.9 million in New Markets Tax Credit allocation. It was a festive celebration!
