This project rehabilitated four contiguous rowhouses in the West Baltimore neighborhood of Penn North, located two blocks from the area’s center of gravity at the intersection of Pennsylvania and North Avenues. The properties were acquired from a prior developer who was unable to complete construction, resulting in partially built structures that continued to deteriorate until Schreiber Brothers Project Management was brought in. The site is adjacent to a new large multifamily development and the future home of CharmTV, strengthening its long-term market potential. With a total development cost of $1 million, including $250,000 in Project CORE grants, the project restores collapsing masonry homes for single-family ownership affordable to households earning up to 60% AMI. As the first renovations on the block in a historically red-lined neighborhood, the project established new comparable sales, helping stabilize and reset the local housing market.
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