Baltimore Community Lending to spend nearly $5M on new downtown headquarters

Baltimore Community Lending (BCL) will spend close to $5 million on a new headquarters on Calvert Street to expand its business development program and give its staff some breathing room. The community development financial institution (CDFI) purchased the former American Office headquarters at 309 N. Calvert St. back in March for $3 million. Watchen Bruce, BCL’s CEO, said the nonprofit had been searching for a new building as the organization had outgrown its much smaller space in the University of Maryland Biopark.