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Zero Energy Multifamily Development

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A First-Of-Its-Kind Zero Energy Multifamily Development Is On Its Way To Baltimore

It’s about time the Black community got the affordable housing and spaces needed for us to grow and flourish! In a new announcement made in a press release, The Woodforest CEI-Boulos Opportunity fund shared the details for its $1.1 million equity investment in the Zero Energy North Avenue Affordable Housing project currently located in the “Black Arts District” within West Baltimore’s Penn North neighborhood. The high-impact commercial real estate Opportunity Zone fund was created by Woodforest National Bank and CEI-Boulos Capital Management to change the narrative when it comes to affordable housing. Thanks to the investment, the project to rehabilitate abandoned, historic townhouses will become the first multifamily, zero energy development in the city of Baltimore. It will also be the first mixed-use, zero energy development in the state of Maryland. “This project is a perfect example of using the OZ incentive and CRA investment to help make the vision community members had for...

Shanique Yates

Nov 17, 2021