Come Home Baltimore

A Good Idea

Description

Come Home Baltimore has two arms working toward a common goal. The for-profit arm, Come Home Baltimore Fund, acquires neglected houses and reconstructs them into LEED-certified homes. Assistance in procuring financing and tax incentives and grants is provided to ensure that the homes are accessible and affordable to prospective buyers. The non-profit arm, Come Home Baltimore Foundation, encourages activism to build community within the neighborhoods, creating opportunities for residents to lend a hand in serving their neighbors. By pairing their efforts, these two arms are working to transform undervalued, underappreciated areas of Baltimore into low-crime, economically integrated neighborhoods, while avoiding gentrification trends that tend to push out long-term residents from a community.

Goal / Mission

Come Home Baltimore is an initiative to develop "better than new" market rate housing and foster forward thinking and grassroots social change towards sustainable community development.

Results / Accomplishments

As of January 2012, Come Home Baltimore has rehabbed 23 homes in the Oliver neighborhood of Baltimore. The company has invested $2.5 million in the neighborhood and expects to increase the total by $6-7 million over the next two years. The company has reached out to veterans through other non-profit organizations, and continues to help prospective buyers procure financial assistance to own a home.

About this Promising Practice

Organization(s)
Come Home Baltimore Fund & Come Home Baltimore Foundation
Primary Contact
David Borinsky
4639 Falls Road, Suite 2
Baltimore, MD 21209
410-554-0000
info@comehomebaltimore.com
http://comehomebaltimore.com/
Topics
Economy / Housing & Homes
Community / Social Environment
Environmental Health / Energy & Sustainability
Organization(s)
Come Home Baltimore Fund & Come Home Baltimore Foundation
Date of implementation
2009
Geographic Type
Urban
Location
Baltimore, MD
For more details
Target Audience
Adults, Families