9 Baltimore groups to team up on vacant housing with $4M from JPMorgan Chase

Nine Baltimore nonprofits will receive a cut of a $4 million commitment from JPMorgan Chase to tackle the city’s vacant housing crisis and form a working group that meets regularly to share ideas.

The Baltimore Housing Innovation Cohort, which will include community developers, builders and public health-focused groups, will concentrate their efforts on property acquisition, rehabilitation and affordable housing development opportunities specifically for legacy residents. Supported by the bank, the group also will receive assistance from the Center for Community Progress and the Urban Institute to create jobs and boost wealth in low-income neighborhoods.

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Source: The Baltimore Banner