How Baltimore's Mayor Is Fighting the City's Vacant Housing Crisis | Odd Lots

The number of vacant properties in Baltimore has decreased from 16,000 to 11,806 during Mayor Brandon Scott's time in office.

The city of Baltimore is pioneering the use of Tax Increment Financing (TIF) for non-contiguous areas to fund the redevelopment of vacant properties across the city.

Baltimore's first round of Tax Increment Financing (TIF) for vacant properties offered $28 million and received $380 million in applications from developers.

The city of Baltimore has eliminated approximately 25% of its vacant houses during Mayor Brandon Scott's term.

The collapse of the Francis Scott Key Bridge highlighted the global importance of the Port of Baltimore to supply chains.

Baltimore's technology sector has received approximately $600 million in capital investment over the last few years.

As of December 8, 2020, Baltimore had 16,000 vacant properties, a number that had remained largely unchanged for 20 years.

The neighborhoods in Baltimore with high vacancy rates in 2020 directly correspond to the same areas that were subject to racial redlining in 1937.

The city of Baltimore has a 15-year strategy to resolve its vacant housing crisis.

The city of Baltimore is using AI in its fire and housing departments to help identify and assess the structural integrity of vacant properties for potential condemnation.

The majority of vacant properties in Baltimore are privately owned, not owned by the city government.

Renovating a vacant house in Baltimore to meet living standards costs between $100,000 and $150,000.