Posted inGovernment

Hogan administration announces $15M tax credit

The Maryland Department of Housing and Community Development has announced the second application round of the Catalytic Revitalization Tax Credit program, which is designed to rehabilitate properties formerly owned by the government for economic and community development purposes. Eligible applicants can apply for the up to $15 million tax credit. “By bridging the funding gap […]

Posted inNonprofit

ECD closes on financing, will redevelop Roslyn Rise

Enterprise Community Development closed on construction financing for Roslyn Rise, in Columbia. Roslyn Rise represents the first portion of a multiphase redevelopment project on a housing community originally built during the 1960s. Upon completion, Roslyn Rise will feature 153 households in a modern, amenity-rich, accessible and sustainable mixed-income community. The Roslyn Rise redevelopment represents ECD’s […]

Posted inHoward County

Expanded housing inventory slows price increases in Howard 

As prices rise throughout the region, they are increasing at a slower rate, especially in Howard County, where prices increased the least according to the Howard County Association of REALTORS. All local markets in metro Baltimore are experiencing a decline in home sales, with Howard experiencing the greatest decline year-over-year. Active listings in Howard County […]

Posted inBusiness News

More than 2.7M square feet of industrial leases in metro Baltimore 

More than 2.7 million square feet of industrial/warehouse space was leased in the greater Baltimore metropolitan region, nearly replicating the nearly 2.6 million square feet of space leased in first quarter 2022, according to a report recently released by Lee & Associates | Maryland. These figures add to the approximately 15 million square feet of […]

Posted inAnne Arundel County

Arundel selects Michaels for 7409 B&A Boulevard redevelopment

Anne Arundel County has selected The Michaels Organization to redevelop 13 acres of county-owned, underutilized industrial property located in Glen Burnie at 7409 Baltimore-Annapolis Boulevard. The project will include a mix of apartments, lofts and townhomes, as well as commercial space. The selection of Michaels through the Request for Proposal process builds on the collaboration […]