Baltimore Homeownership Development Adds New Partner
Enterprise Community Development has announced Harrison Development as the second partner for its Let’s Build Accelerator (LBA) program. Harrison Development will collaborate with Enterprise Community Development on a multi-phased, mixed-income homeownership development, Upton Gateway, in Baltimore’s Upton neighborhood.
The development will feature 38 units and aims to address challenges faced by non-institutionally resourced real-estate developers, such as access to capital and development capacity. The LBA program recognizes the unique challenges, perspectives, and opportunities of BIPOC and community- and faith-based developers and allows partners from these previously marginalized groups to access the necessary capital and development capacity to grow their communities.
The Upton Gateway project leverages critical resources from the City of Baltimore, delivering subsidies to support affordability for future homebuyers and financing for the renovation of long-vacant row homes.