FAQ: GBC's Private Capital Strategy for Baltimore Neighborhood Revitalization
Summary
The Greater Baltimore Committee has released a Request for Information seeking partners to design a private capital strategy that will guide billions in investment to eliminate vacant properties and rebuild Baltimore's neighborhoods. This initiative represents the next major step in the city's historic 15-year, multi-billion-dollar vacant housing and community redevelopment effort.
What is the purpose of the GBC’s Request for Information?
The RFI invites partners to help design and implement a private capital strategy that will guide billions of dollars in investment to eliminate vacant properties and rebuild Baltimore’s neighborhoods, representing the next major step in the city’s historic 15-year redevelopment effort.
Why is this initiative significant for Baltimore?
This is the largest neighborhood reinvestment program in Baltimore’s history and aims to address the city’s most historically disinvested neighborhoods by deploying capital to drive lasting change and rebuild Baltimore’s housing market, which is essential to the region’s economic future.
Who is leading this initiative and who are they seeking as partners?
The Greater Baltimore Committee (GBC) is leading the initiative and seeking responses from investment firms, banks, CDFIs, philanthropies, and financial experts capable of designing and managing investment vehicles that align with public funding commitments and local priorities.
What types of organizations are being invited to respond to the RFI?
The RFI seeks responses from investment firms, banks, CDFIs (Community Development Financial Institutions), philanthropies, and financial experts capable of designing and managing investment vehicles that align with public funding commitments.
What role will the selected partner or consortium play?
The selected partner or consortium will play a key role in developing strategies to attract and deploy private investment, strengthen disinvested neighborhoods, and ensure financing approaches complement public priorities.
What types of financing structures are being considered?
The RFI outlines opportunities to establish pooled financing structures to provide working capital loans, construction loans, rental term debt, and shared appreciation mortgages to support the redevelopment of vacant housing and surrounding communities.
What are the key dates for the RFI process?
Questions are due October 25, 2025, responses to questions will be published November 1, 2025, and RFI submissions are due November 21, 2025.
How does this initiative relate to broader redevelopment efforts in Baltimore?
This is part of the city’s historic 15-year, multi-billion-dollar vacant housing and community redevelopment effort supported by the State of Maryland, the City of Baltimore and BUILD Baltimore, and coordinated through Reinvest Baltimore established by Governor Wes Moore’s 2024 Executive Order.
Where can I find the full RFI and submission guidelines?
The full RFI and submission guidelines are available online at the provided Dropbox link: https://www.dropbox.com/scl/fi/0ki02xso6pj0ny4gjgpx6/GBC-Request-for-Information-Private-Capital-Strategy.pdf?rlkey=a3ioscsbbibadbw3ae1q2ae3n&e=1&st=z0mhnohc&dl=0
What is the Greater Baltimore Committee’s role in this initiative?
As the private-sector lead for this initiative, GBC is the leading voice for the private sector in the Baltimore region and is eager to identify partner organizations that can help mobilize private and philanthropic investment that aligns with public commitments.
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