Learn How to Buy a City Property

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Hillary McCormick
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1 Learn How to Buy a City Property You cannot depend on your eyes when your imagination is out of focus. Mark Twain Marketing & Community Outreach Department Baltimore Housing Land Resources Division

2 The Challenge Fifty years of disinvestment Decades of property abandonment resulting in 16,000 vacant and boarded buildings Of the 16,000, 25% are Cityowned 5,000 of those properties are scattered throughout mostly transitional neighborhoods that have otherwise healthy housing markets

3 Our Strategies Streamline The Process Streamline Code Enforcement Facilitate Investment In Block Cluster Areas

4 Our Strategies Provide Targeted Incentives Support Large-Scale Development in Distressed Areas Maintain, Clean and Hold

5 Land Resources Division Community Outreach & Marketing One of our overall goals is to increase marketing efforts and encourage the purchase and rehabilitation of City-owned vacant properties.

6 What Is Our Our team works with the community to match plans, needs and ideas with our inventory and potential purchasers. Department Doing? WORKSHOPS FESTIVALS & FAIRS INVENTORY PREPARATION OPEN HOUSES SUMMIT COMMUNITY MEETINGS

7 Benefits of Buying a City-Owned Property Create your dream home Receive tax incentives Purchase a home at an affordable cost Help stabilize a neighborhood V2V AVAILABLE 4539 Pimlico Road V2V AVAILABLE 4423 Wrenwood Ave. V2V AVAILABLE 1901 W. North Ave. V2V AVAILABLE 3029 Rosalind Ave.

8 What Do I Need? Vision Expert Assistance Resources

Introduction to Our Properties www.vacantstovalue.

9 Introduction to Our Properties Searchable Features Online Application Property Image & Descriptions FAQs and Neighborhood Links Homeownership Opportunities Property Status To research ownership & review property history Visit the Maryland Real Property Database

10 Ready to Purchase a Home That s Move-In Ready? Here, prospective homebuyers can locate houses that are eligible for one or more of the Vacants to Value homeownership incentives.

11 Join us on Facebook Facebook.com/vacantstovalue Get the latest information on the V2V program See photos & details on properties for sale Post questions or comments Learn about upcoming events

12 How to Buy a City-Owned Property V2V SOLD 1526 McCulloh St. Open Bid Request For Proposal Bundle Purchase Side Yard Program Average Sales Price 2013 Baltimore City Baltimore County Washington, DC Metro $164,946 $257,203 $403,089 Source: MRIS

Open Bid Purchase your property directly from the City of Baltimore. Our housing inventory crosses many neighborhoods and provides the buyer with various housing amenities and characteristics.

13 Open Bid Purchase your property directly from the City of Baltimore. Our housing inventory crosses many neighborhoods and provides the buyer with various housing amenities and characteristics. PROGRAM HIGHLIGHTS To view properties, visit and click Grow with us Two-week public bidding opportunity Marketing & community outreach officers Inspection right of entry V2V SOLD 752 Reservoir Street

14 Streamlined Code Enforcement Helping neighborhoods where vacants make a relatively strong area weaker.

15 Community Development Clusters Partnering with developers to address whole-block strategies to make revitalization successful.

16 Who s buying? Do you own other homes? Do you have outstanding liens or due taxes on your other properties? How will you fund the rehab? What s the plan? What we need to know about you

17 Buying a City Property *Buyer is responsible for obtaining all required permits and inspections

If you win the bid Be prepared with your

18 If you win the bid Be prepared with your own title company Review and sign your contract Know your estimated closing costs Submit a check for 10% of the purchase price Once it s yours You have 12 months to complete the job You must register your property with the Baltimore City Permits Office We keep in touch until completion

19 Bundle Purchase We encourage developers of all sizes to consider purchasing bundles of properties for redevelopment. PROGRAM HIGHLIGHTS Negotiating Opportunities Major Neighborhood Impact

of Baltimore solicit proposals from public and community

20 Request for Proposal (RFP) The Baltimore City Department of Housing and Community Development (DHCD) and The City of Baltimore solicit proposals from public and community organizations for various projects for bundles of properties.

21 ANNUAL SURPLUS SALE Firehouses, School Buildings, Libraries, & More! Proposal Submission Deadline Monday, September 15, 2014 To learn more, please call

landscaping to your property. $500 for Homeowners 1500 sq. ft.

22 Side Yard Program Turn the vacant lot adjacent to your home into an attractive garden, expand your existing yard space, create a parking pad or add additional landscaping to your property. $500 for Homeowners 1500 sq. ft. or less To learn more about purchasing your side yard, contact: The Vacants to Value Resource Center

To learn about future auctions, please visit www.vacantstovalue.

23 Receivership The City petitions the Court to appoint a third party (Receiver) to take control of a vacant property and auction it to a buyer who can then rehab it. To learn about future auctions, please visit Baltimore City Code defines vacant properties as nuisances per se. A vacant s designation as a nuisance per se can trigger a receivership action.

Call Us Today For More Information *V2V Booster Program

Baltimore City Employee Homeownership Program $5,000 *Must

OFFICE OF HOMEOWNERSHIP 410-396-3124 LIVE NEAR YOUR WORK!

24 Call Us Today For More Information *V2V Booster Program $10,000 Buying Into Baltimore Grant $5,000 Baltimore Housing Baltimore City Employee Homeownership Program $5,000 *Must have had a Vacant Building Notice for at least 12 months OFFICE OF HOMEOWNERSHIP LIVE NEAR YOUR WORK! NEIGHBORHOOD INCENTIVES Check with Your Employer! Check with Your V2V Marketing Agent!

25 FHA 203K Buy it! Fix it! All in 1 Loan! Rehab Your Home with HUD s 203K Program V2V SOLD 401 E. Lafayette Ave. V2V AVAILABLE 2530 Ellamont Street

27 Imagine the possibilities! 424 N. Collington Street

28 Explore. Invest. Transform. Grow.

29 Thank You for Joining Us! Please visit our Vacants to Value Resource Center Monday through Friday 8:30am 4:30pm 417 E. Fayette Street, Suite 1037 Baltimore, MD

Vacant Building Receivership

Vacant Building Receivership Kathleen E. Byrne Deputy Asst. Commissioner for Litigation, Baltimore DHCD www.baltimorehousing.org kathleen.byrne@baltimorecity.gov Lisa R. Evans Executive Director, OHAAT