Baltimore, January 23, 2026
Baltimore has secured a $44 million investment to revitalize the Park Heights community, including the development of 83 affordable rental housing units and commercial spaces. This initiative aims to enhance community engagement, stimulate economic growth through support for small businesses, and address the area’s long-standing challenges with vacant properties. The project, involving multiple partners, is a significant step toward transforming Park Heights into a mixed-income, vibrant neighborhood.
Baltimore Secures $44 Million for Park Heights Revitalization
Baltimore, Maryland – A $44 million investment has been secured to revitalize the Park Heights community in Northwest Baltimore. This funding will support the construction of 83 affordable rental housing units and commercial spaces for small businesses, marking a significant step in the area’s redevelopment.
Details of the Development
The project, known as the Residences at Belvedere Place, is a collaboration between BRIDGES Community Development Corporation, Bon Secours Unity Properties, and WinnDevelopment. The development will occupy a 2.2-acre site assembled from 10 vacant and underutilized parcels, some of which have been vacant since the 1990s. The plan includes:
- 83 units of affordable rental housing
- Commercial spaces for small businesses
- Community amenities such as parks and recreational areas
Background and Community Impact
The initiative is part of a broader effort to revitalize the Park Heights neighborhood, which has faced challenges due to vacant properties and underinvestment. The development aims to:
- Provide affordable housing options for low- to moderate-income families
- Stimulate local economic growth by supporting small businesses
- Enhance community engagement through accessible public spaces
This project follows previous investments in the area, including the opening of The Terraces at Park Heights, a 100-unit affordable senior community, and the rehabilitation of Park Heights Place, an 84-unit affordable housing building for seniors. These efforts are part of a comprehensive plan to transform Park Heights into a vibrant, mixed-income, and multi-generational neighborhood.
Additional State Support
In December 2025, the Maryland Board of Public Works approved $26.5 million in grant funding for 130 community-led revitalization and redevelopment projects across the state. This funding supports business expansion, community facilities, affordable housing, and housing repair programs, reflecting the state’s commitment to community development and economic growth.
Conclusion
The $44 million investment in the Park Heights community represents a significant commitment to urban renewal and economic development in Baltimore. By providing affordable housing and supporting local businesses, the project aims to foster a thriving and sustainable community for current and future residents.
FAQ
What is the Residences at Belvedere Place project?
The Residences at Belvedere Place is a $44 million development in Baltimore’s Park Heights neighborhood, consisting of 83 affordable rental housing units and commercial spaces for small businesses.
Who are the partners involved in this development?
The project is a collaboration between BRIDGES Community Development Corporation, Bon Secours Unity Properties, and WinnDevelopment.
What is the significance of this investment?
This investment is part of a broader effort to revitalize the Park Heights community, providing affordable housing, supporting local businesses, and enhancing public spaces to foster a vibrant neighborhood.
Has the state provided additional support for community revitalization?
Yes, in December 2025, the Maryland Board of Public Works approved $26.5 million in grant funding for 130 community-led revitalization and redevelopment projects across the state, supporting various initiatives including business expansion and affordable housing.
Key Features of the Park Heights Revitalization Project
| Feature | Description |
|---|---|
| Investment Amount | $44 million |
| Affordable Housing Units | 83 units |
| Commercial Spaces | Spaces for small businesses |
| Community Amenities | Parks and recreational areas |
| Development Partners | BRIDGES Community Development Corporation, Bon Secours Unity Properties, WinnDevelopment |
| State Support | Maryland Board of Public Works approved $26.5 million for 130 community-led projects in December 2025 |
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