Remington is an emerging urban community where families are putting down permanent roots and small business owners are opening new shops. The rehabilitation of Miller's Court, in which a former manufacturing plant was converted into affordable homes for teachers and working space for nonprofits, helped spark the transformation. Nearby home sales went up and crime went down. Miller's Court spawned Miller's Square, 30 vacant row homes converted into new homes marketed first to Miller's Court residents. One of Remington's principal developers, Seawall Development Co., is poised to redevelop three more blocks into mixed-use residential, retail and nonprofit space.
With the flexible financing from Enterprise’s New Markets Tax Credit investment, Miller’s Court offers below-market rents to teachers. The neighborhood’s for-sale homes continue to be more affordable than many other emerging neighborhoods in Baltimore, helping preserve the area for its original residents.
Access to Transit
Numerous bus stops are available in Remington. Light rail and train services are located within one mile of the neighborhood. Remington is a walkable area with a growing number of retail and dining options. Adjacent neighborhoods offer additional amenities.
Enterprise approved $1.3 million of a larger $3.5 million loan to help Seawall Development Co. acquire nine Remington properties with an eventual goal of converting them into residential, office and retail space. The financing follows an earlier investment of $9.4 million in New Markets Tax Credit allocations to create affordable homes for teachers in Miller's Court. Enterprise's ongoing commitment supports the continued revitalization of the Remington community.
City of Baltimore; Seawall Development Co.; State of Maryland; SunTrust CDE; U.S. Bancorp Community Development Corporation