Baltimore – Federal stimulus funds helped Maryland finance 28 affordable rental projects in recent years – including six in Baltimore - putting more than $400 million into the economy and creating 1,600 jobs, Secretary Skinner said during the grand opening of Union Rowe apartments in Baltimore’s historic Franklin Square community.
“The year-long renovation of Union Rowe put more than $9 million into the economy, created a significant number of much-needed jobs and is adding quality, energy-efficient homes for 72 families,” Secretary Skinner said.
The project is an example of the O’Malley-Brown administration’s commitment to a balanced housing policy that expands a range of opportunities to families from all walks of life, from quality affordable rental housing to homeownership.
Financing was mad possible through a variety of programs, including the New Issue Bond Program, low income housing tax credits, the Maryland Housing Rehabilitation Program, Neighborhood Stabilization funds and the Multifamily Energy Efficiency and Housing Affordability Program.
AHC Greater Baltimore, a nonprofit developer completed the interior and exterior renovation of the 72-unit apartment complex after acquiring the property at a HUD auction in February 2010. AHC restored the exterior historic features on the facades, installed energy efficient mechanical and plumbing fixtures, and updated kitchen appliances with energy star compliant units. The construction plans also included roof replacement, new eco-friendly carpeting, new high-efficiency HVAC systems, improved finishes in bathrooms and kitchens, refreshed entranceways, and conversion of units for ADA compliance.