AHC Focuses $60 Million Investment in Baltimore’s Park Heights Neighborhood
In the last 15 years, AHC Inc. has invested nearly $60 million in Baltimore’s Park Heights neighborhood through four properties that provide more than 500 affordable homes for a variety of residents, including senior citizens, homebuyers, families and the disabled.
“AHC believes we can make a bigger impact in the community by focusing our investment in a specific area,” explains Andrew Vincent, AHC Greater Baltimore Director. ”Providing more opportunities for quality affordable housing in a concentrated area can help tip the balance in a neighborhood and bring it to life.”
Located in the northwest corner of Baltimore City, Park Heights has been home for generations of West Baltimore families, local parks and churches. Over the years, the neighborhood has seen major disinvestment alongside small pockets of growth. The City of Baltimore has recently designated 49 acres of Park Heights as a Master Redevelopment Area, with the goal of redeveloping the area into a vibrant mixed-use, mixed-income neighborhood.
AHC’s properties are concentrated on the southern part of Park Heights with Madeira, the most recent investment, on the edge of the Master Redevelopment Area. AHC purchased Madera in 2014 and recently completed extensive renovations, including new appliances, windows, central air conditioning and a new roof. The complex includes 47 apartments in four buildings. New landscaping is underway and families are moving into the bright, updated apartments.
AHC’s commitment to the neighborhood began with the purchase of Greenspring Overlook apartments in 2001. An extensive renovation of the 189-unit, aging garden apartment community was completed in 2002. Two thirds of the apartments serve families with two or three-bedroom apartments. Today a thriving program for residents provides education opportunities for children, financial and job training education for adults, and a variety of programs for senior citizens.
In 2008, AHC Greater Baltimore purchased and renovated MonteVerde – two 13-story buildings with 301 affordable apartments for seniors and non-elderly disabled residents. The $30 million development project transformed the run-down property and provided more community space, updated kitchens and baths, new windows and heating and cooling systems. A thriving program for residents helps build residents’ physical and mental health and improves individuals’ ability to age in place.
When AHC purchased MonteVerde, the road leading up to the apartment community, Violet Avenue, was full of abandoned, crumbling row houses. AHC decided to build on its commitment to the area and tackle the blighted block with a homeownership project called MonteVerde Rowe. The investment focuses on a one-block area to maximize the impact. To date, AHC has purchased 2/3 of the block. Most of the houses have been completely renovated, with more in the works. The project has been slow going, but AHC is committed to investing the time and effort to make a difference. The dedication is beginning to pay off. So far, four first-time home buyers, including a nurse and a postal worker, have purchased homes and are putting down roots in the community.
Photo: MonteVerde Rowe is coming back to life with 2/3 of the block renovated. (Photo by Anice Hoachlander)