Baltimore Mayor Brandon Scott to unveil $3B plan for vacant houses including new TIF

Baltimore Mayor Brandon Scott will unveil an ambitious $3 billion plan Monday to attack the city’s thousands of vacant properties, promising to address a decades-old problem with funding from a newly created Tax Increment Financing zone and a yet-to-be-secured state investment. The proposal, which Scott plans to announce Monday evening alongside officials from the Greater Baltimore Committee and Baltimoreans United In Leadership Development, calls for a mix of public and private financing that would be used over 15 years to broaden the city’s existing approach to rehabilitating vacant properties.