McCormack Baron Companies

Exciting News for East Las Vegas! The Desert Pines Redevelopment Project is making history as Nevada's largest affordable housing initiative. Once complete, the community will support East Las Vegas area with nearly 1,400 new homes and close to 7,400 jobs. Learn more: https://shorturl.at/YnmP1 . . . #MBStrong #AffordableHousing #LasVegas #CommunityImpact #DesertPines

Bringing fresh, accessible, healthy food to our communities has been an ongoing goal for our CDE partner, MBS Urban Initiatives (MBS-UI). We are pleased to announce that MBS-UI closed on a $7.5MM New Markets Tax Credit investment for a 33,375 square-foot Food City (@kvat-foods-inc.) grocery store in Huntsville, AL, near the Mill Creek Choice Neighborhood. The store will provide healthy food options for 19,023 people annually (87% low-income) and create 131 full-time jobs (98% low-income). MBS-UI is also partnering with @Urban-Strategies-Inc2 and Food City to offer a training program for Mill Creek residents, preparing them for entry-level jobs. @TruistFinancialCorporation provided additional New Markets Tax Credit allocation and is serving as the investor for the project. . . . #MBstrong #NMTC #CommunityDevelopment #healthyfoods #CNIG #Huntsville

With gratitude and respect, we honor all those who have served this Veteran’s Day. Thank you for your courage, dedication, and sacrifices in protecting our freedom.

MBS Urban Initiatives has made an $8.5 million New Markets Tax Credit investment in the new Wilcox Academy Central City. When completed late next year, the new state-of-the-art early learning center in New Orleans will provide care for 150 children and create 21 new jobs. Founded by Rochelle Wilcox in 2006, this Black woman-owned business continues to make a profound impact on the community by offering high-quality early childhood education. We’re proud to support this transformative project! . . . #MBstrong #ECE #CommunityInvestment #AffordableHousing #NMTC #NewOrleans U.S. Bank

Today, Durham officials broke ground on Phase III and IV of the Lofts at Southside, bringing 100 additional units of affordable housing to the community. With Phase I and II completed in 2014 and 2016, this project continues to build on the vision of revitalizing old Hayti. Thank you MBS staff, Judith Moran, Laura Kinsell-Baer, Katie Cutler, Tracy, Senf, Darryl Vandever and Vince Bennett for a great event! With every phase, we're moving closer to reawakening this historic community! https://ow.ly/Axzz50TS3eR . . . #MBstrong #AffordableHousing #CommunityRevitalization #DurhamTransformation #LoftsAtSouthside

Congratulations to Allyson Carpenter for being recognized as one of Affordable Housing Finance's 2024 Young Leaders! As Vice President of Development and Northeast/Mid-Atlantic Regional Leader at McCormack Baron Salazar, Allyson has played a pivotal role in transforming public housing communities in Baltimore and Syracuse, spearheading projects that will deliver nearly 2,500 new units of mixed-income housing. We’re proud of your leadership, Allyson, and look forward to your continued impact in reshaping communities! Read the Full Interview: https://shorturl.at/Hcl5T . . . #MBstrong #YoungLeaders #Changemakers #McCormackBaron #AHFLive2024

McCormack Baron Salazar (MBS) is proud to partner with Urban Strategies, Inc. (USI) to serve residents in East St. Louis and across the country. We are excited to work with USI at Parsons Place, where we believe that quality housing is the foundation of a strong community. Today, we received critical Community Project Funding from Representative Nikki Budzinski, which will allow us to complete much-needed repairs. In a post-COVID world, rising costs have far outpaced revenues, making it essential to secure funding to preserve affordable housing like Parsons Place. We are grateful for Rep. Budzinski's unwavering support in helping families in East St. Louis. . . . #MBstrong #AffordableHousing #CommunityDevelopment #EastStLouis #ParsonsPlace #HousingForAll #RepBudzinski #MBS #USI

Last week marked an important milestone at McCormack Baron Salazar as we celebrated the grand opening of Phase 2 of Perkins Square in Baltimore, MD. This phase unveils 156 beautifully designed apartments and townhomes that cater to households across all income levels, advancing our commitment to the Perkins, Somerset, and Oldtown (PSO) Choice Neighborhood Transformation. We extend our deepest gratitude to the U.S. Department of Housing and Urban Development’s Choice Neighborhoods Initiative, Maryland Department of Housing and Community Development, City of Baltimore, Baltimore Department of Housing and Community Development, Housing Authority of Baltimore City, Berkadia, Bank of America, and countless other partners whose support has been vital in reaching this stage. . . . #MBStrong #PerkinsSquare #CommunityRevitalization

Thank you, Center for Community Progress, for hosting the Reclaiming Vacant Properties Conference! Since 2007, RVP has been the go-to event for those driving community revitalization. As the only national conference focused on tackling vacant, abandoned, and deteriorated properties, RVP showcases innovative solutions that inspire change from the ground up and the top down. The bold ideas and conversations at #RVP2024 are paving the way for stronger, more vibrant neighborhoods. Let’s keep the momentum going! #MBstrong #CommunityRevitalization #VacantPropertySolutions #NeighborhoodTransformation

Exciting News! We are thrilled to announce that the Oleander at Broadway, located at 815 52nd Street, has been selected as a recipient of the 2024 Galveston Planning & Design Awards in the Development category! This incredible recognition comes from the City of Galveston’s Development Services Department, and we couldn’t be more proud of our dedicated team for their hard work and vision in bringing this project to life. The awards presentation will take place on October 24, 2024, during the City Council meeting at 5:00 pm in the City Council Chambers, 2nd Floor of City Hall, located at 823 Rosenberg. A special thank you to everyone who contributed to making this project a success! . . . #MBStrong #Galveston #DevelopmentAward #CityRecognition #OleanderAtBroadway #Teamwork