New Markets Tax Credit Coalition

Mt. Vernon Mill

The adaptive reuse of a historic mill property along the Jones Fall stream into a mixed-use community of market-rate and affordable apartments, offices and retail space.

Investment

  • NMTC Amount: $29,057,372
  • Total Project Cost: $42,345,020

IMPACT

  • 94 FTE jobs
  • 237 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

The Mt. Vernon Mill project involves the adaptive reuse of a historic mill property along the Jones Fall stream into a mixed-use community of market-rate and affordable apartments, offices and retail space. Apartments include state-of-the-art green features, and office space targeted to business, nonprofit and educational organizations that focus on the environment and sustainability. Additionally, Baltimore City Public Schools uses 2,000 sq. ft. of space for an environmental learning lab

MAP

Address: 2980 Falls Road, Baltimore, MD 21211

Census Tract: 24510130600

Other Maryland Projects

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Habitat For Humanity Metro Maryland utilized NMTC funding to develop 27 high quality affordable homeownership opportunities as part of the innovative Randolph Road project, a 195-unit rental and for-sale housing
The adaptive reuse of a historic mill property along the Jones Fall stream into a mixed-use community of market-rate and affordable apartments, offices and retail space.

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