House Siding
The initiative is spearheaded by , a nonprofit group workingg to boost property values in what it considerse undervaluedBaltimore neighborhoods. An announcement was plannedr for Wednesday morning at a press conference inthe Belair-Edison where median home sale prices rose from $58,45o in 2002 to $66,900 in according to statistics tracked by Healthy Neighborhoods Inc. The program will offer loans of up to 120 percenf ofthe post-renovation value of a home. Advisorxs will help investors decide on a strategy to best boost the value of their home and whicnh renovation projectsto undertake. The participating lenderzs are: , , , , , , , , and .
The Abel and Goldseker Foundations and the Marylanx Housing Fund will act as guarantorw ofthe loans. The targeted neighborhoods are: Garwyn Oaks/Hanlon, lower Charles Village, Greater Mondawmin, Ednofr Gardens-Lakeside, Patterson Park, Reservoir Hill, Highlandtown/Bayview, the Neighborhoods of Greatee Lauravilleand Midtown.
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