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Baltimore rolling out new $3M loan pool for small, homeownership-focused developers

April 27, 2021

A city-created community development financial institution is providing millions of dollars in loans to support small developers renovating single-family houses for new homeownership in Baltimore — and to help those developers get their footing in the process. The Developing Affordable Starter Homes — DASH for short — Fund will offer up a pool of $3 million for loans issued to emerging developers who struggle to access traditional sources of private capital, such as bank financing, while aiming to redevelop properties to sell to new homeowners.

Article Source: Baltimore Business Journal

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