ULI Baltimore: November Content Before Cocktails - Sojourner Place at Oliver

When

2022-11-30
2022-11-30T17:30:00 - 2022-11-30T20:00:00
America/New_York

Choose Your Calendar

    Where

    Sojourner Place at Oliver 1202 E. Preston Street Baltimore, MD 21202 United States

    Pricing

    Pricing Members Non-Members
    All Types FREE $50.00
    Sojourner Place at Oliver project, a collaboration between Health Care for the Homeless and EHC,  leverages Low-Income Housing Tax Credit equity and loans from Baltimore City and the State of Maryland to construct a 70-unit, approximately 79,800 square foot apartment building in northeast Baltimore. The building includes 37 1-bedroom, 18 2-bedroom and 15 3-bedroom units. Laundry facilities, a computer room and a fitness room are also included on-site.

    This $22 million dollar building is financed with Low Income Housing tax credits awarded to the project by the Maryland Department of Housing, loans from the State of Maryland, City of Baltimore and Bank of America. The Harry and Jeanette Weinberg Foundation made a grant to the project and Enterprise Community Partners syndicated the tax credits.

    Of the 70 units, 35 are reserved for people currently experiencing chronic homelessness. Tenants will be assigned by the city’s coordinated access system. They will receive clinical care and supportive services, embedded within the building, to help maintain a successful transition into a new home. Through these services, we reduce our clients’ risk for costly health crises (e.g. screening for life-threatening diseases, managing hypertension and diabetes), offer treatment for addiction, provide behavioral health care and help with establishing or improving income (through work, entitlements and benefits). Combining housing with health care and supportive services will help these tenants navigate the dramatic change of regaining housing, often after years—if not decades—without a home. With support to navigate this critical period, we expect a high level of tenant retention. In a similar development, Sojourner Place at Argyle—also a partnership with Episcopal Housing Corporation—11 of 12 tenants remain successfully housed after two years with regular care and support.

    The other 35 units are made available as affordable housing for individuals and families making at or below 50% of the area median income. This directly addresses the severe shortage of affordable housing in Baltimore. A $2.3 million investment from the Weinberg Foundation helped us close the funding gap for this project and will allow us to more quickly achieve a lien-free building. Without commercial debt on the property, we would then be able to allocate operating revenue to help fund the supportive housing services offered to tenants. This innovative, self-sustaining financial model would be the first of its kind in Maryland and could serve as a model for other cities across the nation.

    Speakers

    Speaker

    Kevin Lindamood

    Vice President, External Affairs, Health Care for the Homeless

    Kevin Lindamood is the President and Chief Executive Officer of Health Care for the Homeless, Maryland’s leading provider of integrated health services and supportive housing for individuals and families experiencing homelessness. He heads a diverse leadership team working to deliver quality “whole person” care, to develop sustainable business models for affordable housing development and supportive housing services, to increase health care equity, and to support a multi-disciplinary, values-driven workforce. Kevin works locally and nationally to address poverty and homelessness. He’s a current member of the Board and Past President of the National Health Care for the Homeless Council and serves on the Board of The Journey Home – Baltimore’s Continuum of Care. Kevin previously taught health policy at the University of Maryland School of Social Work and speaks frequently throughout the community.

    Speaker

    Daniel McCarthy

    Episcopal Housing

    Daniel McCarthy has served as the executive director of the Episcopal Housing Corporation since 1996. EHC is a Baltimore based, non-profit real estate development company engage in comprehensive housing and community development and projects. EHC has a focus on developing affordable and special needs housing that we own and on behalf of other nonprofit organizations. EHC also develops community facilities to help build healthy and strong communities. Mr. McCarthy has been employed in the field of housing and community development for more than twenty years. He began his community development work after completing a Master of Arts program at the University of Maryland in Urban Studies with a focus on affordable housing finance and development. After graduating from the University of Rhode Island Mr. McCarthy began his professional career with the U.S. Department of Labor in Washington D.C.

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