While Baltimore’s vacant and abandoned building stock is often viewed as a problem, it is also an opportunity. Cleaning up and redeveloping these properties can help raise property values, create community amenities, increase local tax revenue, and attract new residents and businesses. Vacants to Value (V2V) is Baltimore City’s initiative to do just that.
Welcome to Vacants to Value.
Baltimore is one of the world’s most charming cities! It’s got style. It’s got character. It’s got it all! With more than 200 unique neighborhoods, the City is as diverse and magnificent as the people who call it home.
We have made a commitment to grow the city by 10,000 families. Through Vacants to Value, we are spurring growth and reinvestment in Baltimore. When you look around the City, you can see the tremendous impact Vacants to Value is making.
Vacant properties are being demolished, rehabilitated or redeveloped, making way for new housing and green space opportunities for families who want to live and work in Baltimore. People are hearing the good news about Vacants to Value and are coming from near and far to be a part of the renaissance.
See for yourself what Baltimore has to offer. We invite you to Explore, Transform, Invest and Grow with us!
Join the Vacants to Value conversation at #BmoreV2V.
Through V2V, we’re getting more of Baltimore’s vacant and abandoned properties cleaned up and redeveloped more quickly, efficiently, and economically. Strategies include:
Streamline the Disposition of City-Owned Properties
Through reorganization, increased marketing, and improvement of pricing policy, we are making the sale of city- owned properties a clear, predictable, and transparent process.
Streamline Code Enforcement in Stronger Markets
Through streamlined code enforcement we are forcing scattered vacants in otherwise strong neighborhoods to rehabilitation without ever going to court.
Facilitate Investment in Emerging Markets
On high-vacancy blocks near areas of strength, we’re partnering with committed, capitalized developers on a set of Community Development Clusters.
Target Homebuying Incentives
A variety of local, state, and federal programs offer incentives for buying a home in Baltimore City. Through V2V these incentives are being targeted to encourage the purchase of previously vacant homes.
Support Large-Scale Redevelopment in Distressed Areas
In deeply distressed areas with concentrated abandonment, large scale redevelopment remains a critical tool. As part of V2V, the City continues to support large projects.
Demolish and Maintain Severely Distressed Blocks
Recognizing that not every vacant building can be revitalized, were also using targeted demolition, land banking, and active promotion of creative non-housing uses to support long-term housing value.
Provide Concentrated Green, Healthy and Sustainable Home and Neighborhood Improvements
Weatherization, stabilization and rehabilitation strategies are being implemented to help low-income residents create more energy efficient, comfortable and safer living environments.