The Greater Baltimore Committee plans to launch a new Funders' Consortium in November. The initiative aims to ultimately create a $100 million private fund to drive large-scale investment in Baltimore's most challenged housing markets.
The Funders' Consortium will bring public, private, and philanthropic funders together around a growing pipeline of redevelopment activity. The move aims to support projects with remaining financing gaps, aligning different sources of capital to advance them.
These efforts complement the $1.2 billion in public funding already committed to address vacant housing in Baltimore.