Hillside Park
Baltimore, Maryland

After

Before After

Project Type
With the support of the Beechfield Community and Improvement Association this very troubled, dilapidated and crime-ridden partially vacant 94 units housing complex in Baltimore City was redeveloped in 1997 and transformed into an attractive, high quality, well-managed rental community. Through the innovative and creative financing structure, Landex was able to combine public housing funds with state pubic housing dollars, LIHTC, HOME/CDBG, Fannie Mae, and private debt. Thirty (30) of the apartments are set-aside for low-income public housing residents with incomes at or below 50% of the area median income who have been displaced by HOPE VI; the remaining sixty-four (64) units are for households at less than 60% of median (market-rate in this community). The substantial rehabilitation of the development included over $35,000 per unit in construction renovations, including new roofs, new kitchens and baths, new plumbing and electrical, individually controlled HVAC systems, and a community building with a computer center, a playground and outdoor entertaining deck.

Project Cost
$7.7 Million

Financing

• Baltimore Community Development Finance Corporation: $0.7 Million
• Maryland State DHCA: $3.0 Million
• City of Baltimore (HOME): $1.0 Million
• Equity: $2.8 Million
• Fannie Mae Bridge Financing for Baltimore City’s Housing and Community Development

Community and Supportive Services
The community center named after the late Cecil Barrington, President of the Beechfield Community and Improvement Association has a multi-purpose room and a separate computer center. A resident service coordinator runs an after school program for youths ages 6-12, and provides computer instruction.

Public/Private Partners

• Landex Corporation, Developer/General Partner
• The Richman Group, Syndicator
• Housing Authority of Baltimore City, Co General Partner
• Beechfield Community Development Association, 501c(3) community neighborhood association
• City of Baltimore
• State of Maryland

References
Steve Broache, Director, Replacement Housing Hildegard E. Fino, Vice President
Housing Authority of Baltimore City Beechfield Community Association
Phone: 410-539-1369 Phone: 410-646-5009
Fax: 410-625-7895 Fax: 410-347-1188

Awards

• Recipient of HUD New Approach Grant (2000)