$20 Buys Space for $100M Mixed-Income Housing Complex

BALTIMORE-With only a $20 investment, the City of Baltimore has acquired a 50-acre property that will be redeveloped to house 500 residential units that will include apartments, rowhouses and single-family homes for purchase. Half of the units will be designated as affordable housing, leaving the remaining spaces available at market rates. City officials purchased the Uplands Apartments at 4625 Edmondson Ave. from the US Department of Housing and Urban Development, which had acquired the foreclosed upon property last year for just over $10 million.

Situated on an eight-block parcel of rolling hills and lawns in a middle-income neighborhood in Southwest Baltimore, the Uplands formerly consisted of 970 low-income apartment units that had fallen into disrepair over the years. The complex was originally developed in the early 1950s and underwent a renovation before it was converted into subsidized housing two decades ago.