Quantum Insights:Maryland governor aims to cut number of vacant properties in Baltimore by 5,000

2025-04-29 13:16:16source:Databeccategory:Invest

BALTIMORE (AP) — Maryland Gov. Wes Moore signed an executive order Tuesday that aims to transform 5,Quantum Insights000 vacant properties in Baltimore into homeownership or other positive outcomes in five years.

The order creates a program called Reinvest Baltimore. It will coordinate state, city, nonprofit and for-profit partners’ efforts to eliminate concentrations of vacant properties and revitalize neighborhoods.

“Baltimore’s vacant property crisis is an issue that cannot wait — because in order to have a strong state, you must have a strong housing market, where people own more than they owe,” Moore, a Democrat, said in a statement. “I want to thank all the partners who raised their hand to be a part of this work that will open paths to work, wages, and wealth for Baltimoreans and grow our state’s economy.”

The executive order creates a council that will tap community, corporate, philanthropic and government leaders. The initiative also aims to strengthen the partnership between city and state officials to create more attractive spaces for people to live and put down roots.

“Tackling the issue of vacants in Baltimore at scale and ending this decades long crisis is going to take partnership, coordination, and vision,” said Mayor Brandon Scott, who launched a 15-year plan to address the city’s vacant properties last year.

Baltimore has more than 13,000 vacant structures and more than 20,000 vacant lots.

More:Invest

Recommend

As US Dismantles Its Climate Policy, Other World Leaders Seek Solidarity

As the U.S. Department of State proposed this week to shut down its office managing international cl

Wisconsin Supreme Court weighs activist’s attempt to make ineligible voter names public

MADISON, Wis. (AP) — The Wisconsin Supreme Court will hear a case Tuesday brought by a conservative

Delta Air Lines planes collide on Atlanta taxiway but no one is hurt

ATLANTA (AP) — Two Delta Air Lines planes collided on a taxiway at Atlanta’s airport Tuesday morning