The Greater Baltimore Committee is preparing to launch a new Funders’ Consortium in November, advancing an effort to channel large-scale private investment into Baltimore’s most distressed housing areas. Working with Enterprise Community Partners, the organization is developing a strategic investment framework intended to match private capital with a defined pipeline of redevelopment projects across the city.
The goal of the initiative is to assemble a $100 million private fund focused on properties in Baltimore’s most challenged housing markets. By aligning investors with specific projects, the Funders’ Consortium is designed to support deals that are otherwise viable but still face financing gaps, helping to move them from planning into execution.
This private capital push is intended to complement the $1.2 billion in public funding that has already been committed to addressing vacant housing in Baltimore. The consortium will convene public, private, and philanthropic funders around a growing pipeline of redevelopment opportunities, with an emphasis on layering different types of capital to complete project capital stacks.
The framework builds on a partnership launched in December 2023 among the Greater Baltimore Committee, Baltimoreans United in Leadership Development and the Mayor’s Office. That collaboration established a long-term plan targeting vacant and vulnerable properties citywide, with more than $3 billion in anticipated public investment over 15 years.
The long-range strategy aims to tackle at least 37,000 properties and related infrastructure, using public commitments as a foundation to attract substantial additional private investment. The forthcoming Funders’ Consortium is positioned as a key mechanism for mobilizing that private capital and connecting it with on-the-ground redevelopment work.
As the consortium launches, stakeholders expect the coordinated approach to help standardize how projects are evaluated, prioritized, and financed. By bringing multiple funding sources to the same table, the model is intended to streamline decision-making and give investors clearer visibility into the scale and timing of opportunities tied to Baltimore’s vacant housing inventory.
