Connect with us

Maryland

EagleBank Provides $54M Construction Loan for ‘Missing Middle’ Housing in Maryland

Published

on

EagleBank Provides $54M Construction Loan for ‘Missing Middle’ Housing in Maryland


EagleBank has offered $54.3 million in building financing for The Margaux, a workforce housing improvement in Maryland that has obtained monetary backing from Amazon’s housing fund. 

City Atlantic is constructing the 291-unit Margaux, which is situated subsequent to the New Carrollton Metro.

“Explosive CRE progress within the D.C. space is creating immense alternative for impactful actual property improvement that helps our group,” Ryan Riel, chief actual property lending officer at EagleBank, advised Business Observer. “The Margaux is an instance of considerate improvement addressing a big want of the group we stay and work in and we’re extraordinarily proud to play a task in enhancing the lives of the individuals throughout the communities we serve.”

In March, Amazon dedicated $25.4 million for the event, as a part of its $2 billion Housing Fairness Fund, a dedication to protect present housing and create inclusive housing developments by way of low-rate loans and grants. 

Advertisement

“Because the D.C. group prepares to welcome Amazon’s latest headquarters, this improvement will assist the creation of further reasonably priced housing provide,” Riel stated.

A unit mixture of studio, one-, two-, and three-bedroom items shall be restricted to renters who earn not more than 80 p.c of the world’s median revenue for 98 years.

“The Margaux will present housing for important staff — lecturers, nurses, first responders — who don’t qualify for housing subsidies however whose incomes can’t preserve tempo with the area’s escalating rents,” Alan Lederman, managing director of improvement at City Atlantic, advised Business Observer final month. “That is the lacking center. Creating housing with long-term affordability in mixed-income and mixed-use communities at transit facilities like New Carrollton is important to the vitality and well being of our area.”

The Margaux is a part of a 2.3 million-square-foot, mixed-use transportation hub that features workplace house, retail, further housing and Metro’s new Maryland workplace constructing. The venture is slated for completion in 2023.

The financing was facilitated by EagleBank’s Andrea Berkeley, Richard Koller and Nette Antehun

Advertisement

Keith Loria will be reached at Kloria@commercialobserver.com.



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Maryland

Maryland to launch workforce program for those with cannabis-related criminal offenses

Published

on

Maryland to launch workforce program for those with cannabis-related criminal offenses


MARYLAND (DC News Now) — Maryland Gov. Wes Moore announced Thursday that he would be launching a program to help those with cannabis-related criminal offenses enter the workforce.

This comes just over a week after Moore pardoned thousands of people with marijuana convictions.

The Cannabis Workforce Development Program is the nation’s first workforce development initiative developed and administered by a cannabis regulator agency, according to a release from the Governor’s Office.

The program will be offered for free to eligible applicants in order to reduce barriers to employment and create paths to sustainable jobs in the cannabis industry.

Advertisement

“This groundbreaking collaboration will support Marylanders interested in joining the state’s growing cannabis industry and prioritize individuals and communities directly impacted by the War on Drugs,” Gov. Moore stated in a release. “For decades, cannabis policy has been used as a cudgel. Together, we prove how cannabis policy can be used as a valuable tool to leave no one behind.”

Participants will have access to eight instructor-led, self-paced courses taught by industry experts, licensed operators and college professors. After attendees complete 100 cumulative hours of virtual coursework and instruction, they can enroll in a two-day intensive course with 16 hours of hands-on occupational training.

“Through this program, individuals adversely impacted by cannabis criminalization will be able to receive real-time, hands-on experience and access to job placement,” Maryland Cannabis Administration Director Will Tilburg stated, in part.  

Applications will be accepted on a rolling basis starting on Monday, July 1.

Anticipated locations and dates for the initial roll-out of the Cannabis Workforce Development Program include:

Advertisement
  • November 2024: Baltimore Region
  • December 2024: Anne Arundel County
  • January 2025: Southern Region
  • February 2025: Prince George’s County
  • March 2025: Eastern Region
  • April 2025: Western Region

The program was jumpstarted with a $122,000 grant from the Maryland Department of Labor’s Employment Advancement Right Now (EARN) Program.

For more information about the program, click here.



Source link

Continue Reading

Maryland

Nine years after Obergefell, number of same-sex marriages has jumped in Maryland – Maryland Matters

Published

on

Nine years after Obergefell, number of same-sex marriages has jumped in Maryland – Maryland Matters


Same-sex couples could already get married in Maryland before the U.S. Supreme Court extended the right nationwide nine years ago, but the numbers have risen sharply since the ruling was handed down in Obergefell v. Hodges.

The U.S. Census Bureau estimates that there were about 4,400 same-sex married couples in Maryland in 2012, the year before the state made it legal. That number grew to 10,388 by 2015, when the Supreme Court called marriage “a fundamental right inherent in the liberty of the person” that could not be denied to same-sex couples.

Since that June 26, 2015, ruling the number of same-sex married couples in Maryland has climbed to about 16,500, according to Census estimates, or 69% of all same-sex couples, up from 33% in 2012.

Despite members of the LGBTQ+ community still facing discrimination and other challenges, overall acceptance has grown over the years as some states such as Maryland work to pass laws that aim to uplift the community.

Advertisement

“I would say that’s the biggest difference … I see people really thriving in their authenticity in themselves. Getting back to … being all open and honest about who you are, and being able to say it out loud and proud,” said  Sen. Mary Washington (D-Baltimore City and Baltimore County) who was the first openly LGBTQ+ African American elected to state office in Maryland.

Sen. Mary Washington (D-Baltimore City and Baltimore County). File photo by Bryan P. Sears.

“Like, I can say ‘my wife,’” she said. “And I say that more often than I say I’m a lesbian … I could just say ‘my wife’ and that says it all.”

She believes that Maryland was “on the right side of history” by legalizing same-sex marriages before Obergefell.

But the change was a long time coming.

Same-sex marriage was banned in most states in 2003, when Massachusetts became the first state to allow it. Acceptance grew slowly. By 2013, when Maryland’s law took effect, 33 states still had same-sex marriage prohibitions, 29 of which were voter-approved bans set in the states’ constitutions.

Advertisement

Maryland law banned same-sex marriages until 2012, although the state did recognize the validity of such marriages from states where they were legal. But in 2012, the General Assembly narrowly voted to put the question to voters on the November ballot.

The change was approved that fall by 52.4% of voters, and same-sex marriages were officially recognized in the state starting in January 2013.

Meanwhile, overall attitude and acceptance of same-sex couples have increased over the years.

According to surveys from Gallup, a public opinion research group, about 69% percent of people in 2024 believe that “same-sex couples should … be recognized by the law as valid, with the same rights as traditional marriages.” That is actually slightly lower than the year before, when 71% agreed with the statement, but it’s much higher than in previous years.

In May 2015, a month before the Obergefell ruling, 60% believed that same-sex marriages should be legal. In 2013, 53% agreed with that statement. But prior to 2011, most people said that same-sex marriages should not be legal.

Advertisement

In recent years, the Moore administration and state lawmakers have attempted to bolster protections for the LGBTQ+ community, at a time when other states are going in the opposite direction.

This year, the General Assembly passed a bill that placed “gender-affirming care” under the state’s category of legally protected care.”  The intent is to keep medical information of persons who seek gender-affirming care in Maryland from being shared across state lines, and potentially with law enforcement in states that are more hostile to transgender people.

While some advocates and lawmakers say that Maryland was ahead of the game when it comes to protecting the rights and dignity of its LGBTQ+ community, there are still challenges that gay, lesbian, transgender residents may struggle with.

“So for some, marriage was the only thing they really needed,” Washington said. “But there’s still health care access, there’s housing, access to employment, discrimination.”

Advertisement

The state’s Commission on LGBTQIA+ Affairs affirms her concerns. According to a 2023 report, while significant progress had been made over the last decade, “formidable challenges remain.”

The commission said in its 2023 report that nationally and in Maryland “LGBTQIA+ individuals continue to face challenges related to access to affirming housing, healthcare, education and employment, along with increased risks of discrimination, harassment, and violence.” The commission also reported that 78.8% of transgender people experienced verbal insults or abuse at least once in their lives, and that 46.1% had experienced physical and or sexual assault in their lives.

Just Tuesday, the Maryland Department of Health released survey results of high school students evaluating risk behaviors among LGBTQ+ kids compared to their straight counterparts. Based on 2023 data, students who identified as gay, lesbian, bisexual or questioning said they faced bullying at a higher rate than the rest of the student population. They were more likely to experience verbal or physical abuse from their parents.

Just over 50% of gay, lesbian or bisexual high school students surveyed reported that “their mental health was most of the time or always not good,” compared to 20% of the straight students reported.

Washington reflected on the advances from the time she was first elected to the House of Delegates in 2010, to the legalization of same-sex marriages in Maryland in 2013 and the Obergefell decision in 2015, but said there’s still more to be done.

Advertisement

“It was a time when it was really important for the public to see that we are human. That we are Marylanders,” she said of her 2010 bid for office. “Us being able to say, ‘I am the same as you,’ was really important. And I think now we should be able to take the space … those differences are what makes us special.”

“We’ll just evolve and see what the next challenges are,” she added.



Source link

Advertisement
Continue Reading

Maryland

Hope floats: The new face of ‘Maryland Tough, Baltimore Strong’ | STAFF COMMENTARY

Published

on

Hope floats: The new face of ‘Maryland Tough, Baltimore Strong’ | STAFF COMMENTARY


Maryland knows a thing or two about big-time swimmers. Michael Phelps, the most decorated Olympian of all time, was Baltimore-born and Towson-raised. Bethesda’s Katie Ledecky, 27, the owner of seven Olympic gold medals, recently qualified for the 2024 Olympics and has said she plans to compete in 2028 as well. A 200-meter sprint through a chlorinated pool is one thing, but endless hours in open water is another. And so let us add to the honor roll of Maryland’s greatest aquatic performers the name of Katie Pumphrey of Baltimore, who on Tuesday swam from Sandy Point State Park near the Chesapeake Bay Bridge to Baltimore’s Inner Harbor, a distance of 24 miles, in slightly more than 14 hours.

The summer swim team crowd will instantly recognize the herculean effort required — and not just because the final destination still has some, shall we say, serious water quality issues. As last Sunday’s Harbor Splash featuring 150 brave souls plunging into the Harbor demonstrated, pollution has become more manageable (although kids take note, it’s not yet up to public pool standards either). No, the real challenge is sheer exhaustion. Ever try swimming for an hour straight, let alone 14 times as long? Check out “Nyad,” the 2023 biographical movie about famed long-distance swimmer Diana Nyad, now on Netflix. Good thigh and shoulder muscles are one thing; self-discipline and drive are really what you need.

And so we would humbly call attention to Pumphrey, a 2009 Maryland Institute College of Art grad, for whom open water ultra-marathon swimming is just another day in the park (and the Patapsco). She is the living embodiment of the mantra popularized after the Francis Scott Key Bridge collapse: “Maryland Tough, Baltimore Strong.” Oh, and did we mention she’s done the English Channel (twice) and circled Manhattan? And that, at least to our knowledge, she hasn’t grown fins or gills?

One part resilient, two parts pluck, a heaping portion of mental toughness and can-do spirit, we could scarcely offer a better example of what Baltimore needs — and maybe, just maybe, already has shown quite a bit of this year — than Katie Pumphrey. In becoming the first person to make this Maryland swim, she has provided a welcome road map (well, nautical chart anyway) for a post-Key Bridge recovery.

Advertisement

Baltimore Sun editorial writers offer opinions and analysis on news and issues relevant to readers. They operate separately from the newsroom.

 



Source link

Continue Reading

Trending