HABC, Michaels and AHC-Greater Baltimore Host Ribbon-Cutting Event for Latest Phase of New Housing at Key’s Pointe Residences

The Housing Authority of Baltimore City (HABC), together with its private-sector partners, The Michaels Organization and AHC-Greater Baltimore, hosted a grand opening event for the newest phase of housing now open at Key’s Pointe. Key’s Pointe Residences is part of a comprehensive revitalization of O’Donnell Heights, a distressed public housing community located on Baltimore’s southeast side. The current revitalization plan for O’Donnell Heights calls for new affordable and market-rate townhomes and apartments with new parks and green space.

Key’s Pointe Residences Phase 1B offers 68 modern, high-energy efficiency apartments, in layouts from one- to four-bedrooms. There are 34 Section 8 project-based apartments for households with very-low-incomes. Fifteen of these apartments are reserved for persons with disabilities.

These newest apartment homes are built on streets adjacent to Phase 1A, a 76-unit townhouse-style apartment community that opened in 2014. New roads, along with new public infrastructure were introduced during the first phase, including new streetscapes and storm water bioretention facilities.

Residents of both phases can enjoy the community’s amenities, which include an outdoor fitness circuit, a central green park, two playgrounds, a computer center, a community meeting room and a pavilion with seating and barbeque grills.

Financing for the $23 million Key’s Pointe Residences Phase 1B includes $8.8 million in private capital raised through the sale of four percent Federal Low Income Housing Tax Credits, and $7.6 million in Replacement Housing Factor Funds from the HABC. The Maryland Department of Housing and Community Development contributed almost $500,000 in Rental Housing Works Funds. Riverside Capital invested in the tax credits.

Bozzuto Construction Company served as the General Contractor. Moseley Architects served as the architect.