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With the arrival of wealthy developers coming into low-income neighborhoods, the landscape of Baltimore, Maryland, is completely changing. One of the most significant ways developers gentrify neighborhoods is by developing new housing. Most developers purchase run-down or cheap properties in low-income communities and build entirely new properties.
The area currently known as Carrollton Ridge is a low income residential neighborhood directly west of Baltimore's Inner Harbor. Its boundaries are roughly defined by Frederick Avenue to the north, Carroll Park to the south, Bentalou Street to the west and Fulton Avenue to the east.
Cherry Hill is home to Baltimore's largest public housing project, Cherry Hill Homes, with over 1000 units, private homes and several other low-income apartments throughout the community. In 2014, Baltimore City Public Schools announced that Maritime Industries Academy, a high school in northeast Baltimore, was moving to Cherry Hill.
The population neighborhood is predominantly African American and significantly low-income. According to 2000 Census data, 99% of Mosher households identify as African-American, .5% identifying as Asian, and .2% each identifying as white, American Indian and Alaska Native, or two or more races. The median household income was $24,667.
It is one of five neighborhoods whose Urban Renewal Plans are included in the East Baltimore Revitalization Plan. [1] The neighborhood contains portions of the Baltimore City Correctional Facilities and its residents are mostly low income African-American families. It has been used as a filming location on the HBO drama The Wire.
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
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