Volunteers of America Chesapeake (“VOAC”) has partnered with NCP and Somerset Development Company to redevelop Paca House, located at 118 North Paca Street in downtown Baltimore, MD, into 92 units of permanent supportive housing for U.S. Veterans and the formerly homeless. Located two blocks from the Veterans Administration Regional Medical Center and an impressive array of other human services resources in downtown Baltimore, Paca House residents are supported by VOAC’s full-time, on-site case managers and counselors.
Leasing is managed through the City of Baltimore’s Coordinated Access System, administered by the Mayor’s Office of Human Services in cooperation with U.S. and Maryland Veteran’s Administrations and the Housing Authority of Baltimore City (“HABC”).
The redevelopment eliminated the outdated Single Room Occupancy units, doubled the square footage of the building and created efficiency and one bedroom units suited to independent living under the Housing First model of permanent supportive housing. The scope of work also included renovation of the common areas and meeting rooms, resident services and management offices and the addition of a new business center with wireless internet service and printing and scanning functions free to residents. No residents in good standing at Paca House were permanently displaced as a result of the redevelopment. The redevelopment and subsequent operations of Paca House met and will continue to meet Enterprise Green Communities and City of Baltimore energy efficiency and sustainability standards.
The total development budget was $26.9 million. Paca House was awarded an allocation of $1,500,000 in 9% Low Income Housing Tax Credits by the State of Maryland in 2016. Other financing includes: permanent and bridge loans from Capital One Bank, which is also the LIHTC investor through Boston Financial Investment Management; $2 million in soft loans from the Maryland Rental Housing Program; a $500,000 soft loan from the Volunteers of America Capital Magnet Fund; a $650,000 soft loan from the Federal Home Loan Bank Board Affordable Housing Program through Fulton Bank; a $500,000 grant from the Home Depot Foundation via Volunteers of America National Services; a $1,000,000 grant from The Harry and Jeanette Weinberg Foundation; a take-back loan from VOAC, the seller of the property; the roll-over of two loans totaling $2 million made by the City of Baltimore to the property in 1995; a Payment in Lieu of Tax Agreement with the City of Baltimore; and two grants from the Low Income Support Corporation (“LISC”), funded by Northrop Grumman and Citibank. Section 8 operating subsidy is provided by HABC for 82 of the units.
The project architect was Kann Partners of Baltimore; and the general contractor was Harkins Builders Incorporated of Columbia, Maryland. Energy modeling and sustainability consulting was being provided by Pando Alliance. Interior design was by Carol Currotto. Relocation services were provided by Karen Howland. The project was completed on time and on budget and was fully leased up in December, 2019.