Ellicott City
Real Estate
With billions of dollars coming, Baltimore and Maryland leaders prepare to ramp up acquisition of vacant houses
The first steps of a new $3 billion effort to acquire and repurpose thousands of vacant homes across Baltimore have begun with a state pledge and a package of bonds being considered by city lawmakers aiming to undo blight. Maryland is pledging more than $75 million per year as the city gets to work on its latest attempt to rehabilitate thousands of vacant homes with state funding as well as ...
Baltimore City tackles vacant homes crisis with push to increase tax property rates
BALTIMORE -- Baltimore's city council introduced a new bill that would create a special property tax rate increase on vacant homes to encourage owners to take better care of their property and, if necessary, allow the city to take control of these uninhabitable buildings.The bill, which was unanimously sponsored by all council members on Monday, is another piece of the puzzle in the fight against Baltimore's vacant housing crisis. The bill increases taxes on vacant properties threefold, starting in the 2026-2027 tax year, and then four times the following year, if necessary."Anybody who's holding properties not doing anything with them,...
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