A new $10 million fund established with investments from about a dozen local banks and philanthropic organizations will provide loans to pay for projects in central Baltimore, starting with the rehabilitation of a dozen vacant homes in Barclay. The Central Baltimore Future Fund will be administered by The Reinvestment Fund, which is based in Philadelphia and has an office in Baltimore. It is an outgrowth of efforts from neighborhood groups and leaders at the Johns Hopkins University to work together to improve 10 neighborhoods near the university in central Baltimore.

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Officials announce $10 million fund for projects in central Baltimore


Telesis Corp’s $85M transformation of vacant and dilapidated housing in the area between the Station North Arts and Entertainment District and Charles Village includes a mix of affordable and market-rate housing. Barclay will add a new multifamily, mixed-use development with 57 units that will begin leasing by the end of the year, says Telesis Baltimore director Catherine Stokes.

The third phase of North Barclay Green (rendering) will include one-, two- and three-bedroom units, with rents between $700 and $900/month. Built with federal tax credits, renters must earn 60% less than the area median income. Telesis is also negotiating with a yoga studio and café as part of the space. The developer may add some arts programming to the mix.

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$85 Million Housing Project Barclay Moves Forward


Today, St. Louis stands at the cusp of real and, dare we say, permanent change for the better. The catalyst is the decision by the National Geospatial-Intelligence Agency to build a gigantic new western headquarters precisely at the intersection of Jefferson and Cass. The project will cost $1.75 billion and is expected to provide jobs for nearly 15,000 construction workers. Contractual terms require that one-quarter of those jobs be filled by workers from the immediate surrounding communities.

Last week, developer Paul McKee sat with us to outline the next major step stemming from NGA’s decision. His NorthSide Regeneration company, the top private landholder in the area, is teaming with Washington-based residential developer Telesis Corp. and CRG Real Estate Solutions to construct 500 new housing units over the next five years adjacent to the NGA site.

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Finally, a real turnaround opportunity for north St. Louis


During three memorable years, I spent a great amount of time in the area around East North Avenue, Calvert, Barclay and 20th streets and Guilford Avenue.

In the company of almost 2,000 young men, I attended high school at the venerable Baltimore Polytechnic Institute on North Avenue. Each school day, we arrived early in the morning by bus and streetcar (imagine that!) and usually didn't leave until late afternoon.

We enjoyed the neighborhood. We, quite literally, surveyed it as part of our class work. We played softball in the dirt lot west of Calvert Street (known as the Duck Pond, but without ducks or a pond).

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How Barclay offers a road map for improvement in Sandtown

August 31 2015 | Housing Finance

Affordable Housing Finance is recognizing six individuals 40 and under who are making an impact in the industry.

This year’s group includes several developers, a former housing finance agency senior staff member, and the head of a regional nonprofit tax credit syndicator.

Since 2008, AHF has been honoring young men and women who are helping to build organizations and finding innovative ways to deliver affordable housing. The Young Leader award was created as a way to celebrate and support the development of a new generation of leaders.

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Sasha Angus Recognized as AHF Young Yeader 2015