Baltimore City’s spending board approved a $1.5 million loan Wednesday morning to support a $30.1 million redevelopment of the former Somerset Homes site. The HOME Investment Partnerships Program Loan will go to the developer of the 104-unit project, 1234 McElderry LLC, which consists of the Mission First Housing Development Corp. and the Henson Development Co. Inc. It is one of several loans from Baltimore City, the State of Maryland and the federal government going toward the redevelopment, which…
from https://www.bizjournals.com/baltimore/news/2019/04/17/city-approves-a-1-5m-loan-for-redevelopment-of.html?ana=RSS&s=article_search
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