Rebuilding Midway Together

Our Goal

This program seeks to eliminate blight, stabilize blocks, and create homeownership opportunities by breathing new life into historic East Midway through gap financing and technical support.

Community-Driven Revitalization

The Baltimore Vacants Reinvestment Initiative (BVRI) is a new lending program overseen by Central Baltimore Partnership, utilizing funds from Maryland Department of Housing and Community Development and administered by Maryland Community Investment Corporation.

Central Baltimore Partnership (CBP) has a strong track record of reinvestment. Our nonprofit is exceptionally good at leveraging private, philanthropic, and institutional resources to strategically fill in the gaps.

CBP’s rowhouse rehab efforts complement our broader work in improving commercial corridors, green spaces, and the public realm — creating a coordinated transformation that strengthens the entire neighborhood.

CBP brings everyone into the circle to ensure our work aligns with community priorities. On this initiative, we’re working hand-in-hand with the Greater Greenmount Community Association and Jubilee Baltimore.

We are also collaborating with small, minority- and women-owned contractors committed to community-centered development.

How It Works: Forgivable Gap Financing

Through the Baltimore Vacant Reinvestment Initiative (BVRI), CBP offers forgivable loans of up to $150,000 to cover the gap between your total project costs and the post-rehab appraised value of the property. If you comply with program requirements, the funds do not have to be repaid.

EXAMPLE:

You purchase a vacant rowhouse for $50,000 and invest $150,000 in renovations (total cost: $200,000). If the property appraises for $150,000 after rehab, you could receive a $50,000 forgivable loan to close the gap.