East Baltimore neighborhood gets attention
Social action group BUILD plans to revitalize Baltimore's Oliver neighborhood in a big way, Steve Kiehl reports today. It's raised almost $10 million to buy land, and it plans to rehab or tear down and rebuild vacant homes there. There's plenty to choose from: Nearly half the homes in Oliver are vacant.
Through creative financing, BUILD will leverage its $10 million into $120 million to be used in Oliver and East Baltimore. The group says scores of homes will be built every year for the next decade, adding homeowners who will care for their property and reducing the vacancy and drug activity that have overtaken a once-middle-class community.Last week, demolition was completed on a half-dozen vacant homes on East Preston Street, across from Memorial Baptist Church. In February, ground will be broken on the new homes that will rise on that land. The new homes will sell for about $139,000, and rehabbed homes for about $99,000.
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