The Baltimore Award provided $2.77 million in grants and $15 million in loans to reconnect low-income Baltimore residents to economic opportunities. The goal was to reinvest in inner-city neighborhoods to make them sustainable and competitive. Projects included $340 million for housing, schools, and facilities in East Baltimore. Workforce programs placed 275 residents. The Red Line transit project could create 9,801 jobs. Partners will provide funding and connections to employment for development projects that benefit communities and residents.
2. The Baltimore Award Total Living Cities Funding $2.77 million in grants $15 million in program-related investments and commercial debt Goal: Reconnect low-income Baltimore City residents who are predominantly African American to the regional economy, maximize the linkage between physical and human capital development, and to reinvest in targeted inner-core neighborhoods so that they become regionally competitive, economically diverse, sustainable communities of choice.
4. Baltimore Integration PartnershipBuilding on Reinvestment Models East Baltimore Development $340 million in total investment 220 new units of housing 300,000 SF Life Sciences Facility 500-Bed 22 Story residency for grad students New East Baltimore Community School MD Public Health Laboratory Community Arts Education Facility
5. Baltimore Integration PartnershipBuilding on Reinvestment Models East Baltimore Development Strong Resident Engagement Family Advocacy and Support Services Workforce Development/Economic Inclusion 355 active residents in workforce pipeline 275 Cumulative Job Placements
11. CollaborationThe BIP Partnership Coordinator Association of Baltimore Area Grantmakers Public College/University Johns Hopkins University State of Maryland City of Baltimore Maryland Institute College of Art University of Baltimore Nonprofit Philanthropic Annie E. Casey Foundation Job Opportunities Task Force Associated Black Charities East Baltimore Development, Inc The Goldseker Foundation Central Maryland Transportation Alliance Baltimore Workforce Funders Collaborative Central Baltimore Partnership Baltimore Neighborhood Collaborative Community Development Financial Institution The Reinvestment Fund
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13. Currently manages $700 millionin capital, with nearly830 investorsPolicy & Information Services Real Estate Development PolicyMap
14. Implementing the BIP A central goal of the BIP is to facilitate, in partnership with area employers and developers, an integrated investment in both communities and residents by helping finance revitalization projects that provide employment opportunities or other benefits for low-income area residents. The BIP seeks to build on and connect existing assets, infrastructure, and area community partners to accomplish this including: Anchor Institutions Transit Oriented Development Existing Investment/Market Strength Community Partners/Infrastructure (EBDI/CBP) BIP Partners The BIP can provide employers and developers: Project Development Lending Connections to Workforce Providers and Job Ready Area Residents Co-Investment in Job Training
15. Implementing the BIP Target Areas Eligible for Capital New CBP Workforce Outreach Existing EBDI Enhanced Workforce Training Future Workforce Focus
16. TRF’s Baltimore Integration Partnership products: Pre-Development Loans Acquisition, Construction/Bridge Loans Small Business loans Semi-Permanent Loans New Market Tax Credit eligible loans and financing Projects must meet two of these four criteria: Create short or long term employment opportunities for low-income area residents; Offer opportunities for low-income area residents/employees to build equity Increase/improve neighborhood amenities and services to create opportunity and deliver tangible benefits to low-income residents; Make improvements to community conditions by addressing blight and vacant property through new construction and/or rehabilitation of existing uses based on a community plan or demonstrated community support. ImplementationProject Development Lending
17. Developers/borrowers must work towards a set of goals to maximize the investment’s return for area communities and residents. These goals include: 27% of contracting must be dedicated to African American Business Enterprises. Inclusion of a local workforce as part of construction of the project. The BIP and the developer/borrower will jointly develop a Workforce Resources and Inclusion Plan identifying any planned hiring opportunities and reflecting how inclusion goals will be achieved prior to loan closing. ImplementationProject Development Lending
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19. JumpStart – a pre-apprenticeship construction training program;
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21. Implementing the BIPPartnering with Anchor Institutions Anchor Institutions influence the BIP Target Areas Eastside (JHH), Central Baltimore (UB, MICA, and JHU) Westside (UMB). Opportunity: Build on proximity of these institutions as influencing agents in the target areas for the revitalization and the workforce development opportunities that they may offer particularly through: Local hiring practices Procurement activities (local small businesses) Capital investments (both revitalization and job opportunities)
22. Implementing the BIPSystems Change / New Normal Seeking to create sustainability of integration of capital and workforce. Policy shifts at Anchor Institutions Policy considerations in City Hall, Annapolis and DC. Economic inclusion policies and practices that better structure local hiring opportunities within public financing of capital projects. Increased investments in worker training that lead to real jobs A broader view of community development that includes human capital development as key to future growth/ prosperity
24. BIP CommunitiesCommunity Context - Population 2000 2010 City 651,154 620,961 BIP 50,756 44,441 Source: Baltimore City Planning Department compilation of 2010 Census Data. Data for BIP communities includes the total for the entire neighborhoods that are within BIP target areas. Actual figures for BIP not yet available.
25. BIP CommunitiesCommunity Context - Race 2010 Percent Population by Race City BIP White 28% 18% Black/African-American 63% 72% Asian 2.3% 5% Other .5% .4% Two or More 1.7% 1.8% Hispanic 4.2% 2.7% ● ● ● ● ● ● Source: Baltimore City Planning Department compilation of 2010 Census Data. Data for BIP communities includes the total for the entire neighborhoods that are within BIP target areas. Actual figures for BIP not yet available.
26. BIP CommunitiesCommunity Context - Housing 2008 Housing Typology Median Sales Price* 2007 2010 City $153,000 $110,000 Region $273,000 $235,000 *Source: Metropolitan Regional Information Systems. The Reinvestment Fund
27. BIP CommunitiesCommunity Context – Income 2009 Median Household Income TargetArea City *Source: The Reinvestment Fund’s PolicyMap
30. Less than HS Diploma 51.2%Maryland Department of Labor, Licensing, and Regulation*Schachtel, Marsha, “Potential for Resident Employment in Partner Universities and Affiliates,” April 7, 2010
31. Contact Information Kurt Sommer Baltimore Integration Partnership Association of Baltimore Area Grantmakers 2 East Read Street, 2nd Floor Baltimore, MD 21202 410-727-1205 x 1202 ksommer@abagrantmakers.org www.baltimorepartnership.org Dana Johnson The Reinvestment Fund 2 East Read Street, 1st Floor Baltimore, MD 21202 410-783-1110 dana.johnson@trfund.com www.trfund.com
