New Markets Tax Credit Coalition

Center for Health Care and Healthy Living

The redevelopment of the historic building into a Center for Health Care and Healthy Living, leased by the City of Baltimore for various health and community service tenants.

Investment

  • NMTC Amount: $12,500,000
  • Total Project Cost: $14,900,000

IMPACT

  • 40 FTE jobs
  • 145 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

In 2018, Reinvestment Fund closed on financing to support the redevelopment of the historic building into a Center for Health Care and Healthy Living, leased by the City of Baltimore for various health and community service tenants. The primary tenant is Crisis Stabilization Center for people with acute addiction crises, operated by Behavioral Health System of Baltimore (BHSB).

MAP

Address: 2700 Rayner Avenue, Baltimore, MD 21216

Census Tract: 24510160600

Other Maryland Projects

Redevelopment of the 86,000 square foot blighted complex (that includes 6 buildings) in East Baltimore’s Middle East neighborhood, which had been vacant since 1981 and was in a state of
Phase 2 of the restoration of the Phillips Packing House, a historic factory on Maryland's Eastern Shore that is now be a state-of-the-art LEED Gold hub of innovation and workforce
NMTC investment is critical to making 47 quality rowhomes affordable to Baltimore homebuyers.

The Library of Congress Annex located in Landover, MD, acts as a storage building for thousands of items significant to the history of the United States. In order to obtain