Baltimore City Announces $30 Million Housing Accelerator Fund
Today, Mayor Brandon M. Scott, along with Housing Commissioner Alice Kennedy, Mayor’s Office of Homeless Services Director Irene Agustin, and Chief Recovery Officer Shamiah Kerney, announced the latest affirmative step Baltimore City is taking to combine affordable housing, health care, and supportive services to help individuals and families who are homeless, may have been formerly homeless, or otherwise unable to maintain housing stability.
Together, Baltimore City Department of Housing and Community Development (DHCD), the Mayor’s Office of Homeless Services (MOHS), and the Mayor’s Office of Recovery Programs (MORP) are announcing a Notice of Funding Availability (NOFA) beginning September 6, 2023. This is an investment of nearly $30 million in American Rescue Plan Act (ARPA) funds - $15.2 million from the City’s American Rescue Plan Act State and Local Recovery funds (SLFRF) and $14.7 million from the Home Investment Partnerships Program American Rescue Plan Act funds.
“This Housing Accelerator Fund will genuinely change lives by helping produce the one guaranteed thing we know reduces housing insecurity: more affordable housing,” said Mayor Brandon M. Scott. “With this ARPA funding, we’re investing historic amounts in efforts to create permanent supportive housing that will help those who are either experiencing or at risk of homelessness. This Housing Accelerator Fund will not only grow our housing supply, but help eliminate the challenges that so many of our most vulnerable Baltimoreans continue to face.”
The NOFA proposes maximum awards for the construction of affordable housing of up to $250,000 per unit for permanent supportive housing and up to $100,000 per unit for traditional affordable housing. Additionally, projects will be eligible for awards of up to $500,000 for predevelopment costs associated with the funded units.
Source: Baltimore City Mayor's Office