Gallagher served as the legal advisor to Homes for America, a non-profit organization focused on building and operating affordable housing communities, on the conversion of a former religious convent and school into the 83-unit Clare Court II apartments.
This $31 million development of a historic eight-acre property in Northeast Baltimore will add new and refurbished units to an existing 30-unit apartment community and will be affordable to households earning 30% to 60% of the area median income. The development will include the construction of an additional 53 new apartments units. Public and private partners on the project include the Maryland Department of Housing & Community Development, the City of Baltimore, Cinnaire Equity Partners, the Weinberg Foundation, Southway Builders, and Hord Coplan Macht. The project will be managed by Habitat America.
“Clare Court II represents not just an investment in affordable housing, but in people and community,” Homes for America President Dana Johnson said in a statement. “By preserving a historic property and creating new, modern homes with supportive services, we are making sure that Baltimore families have access to the stability and opportunity they deserve.”
The community will also include five permanent supportive housing units serving the city’s unhoused community, as well as amenities such as a business center, fitness room, and several gathering areas.
The Gallagher team advised Homes for America on the property acquisition and the tax credit equity and debt financing aspects of this redevelopment and was led by Kevin Davidson, with support from Rick Gerriets and Terry Wesselman.
About Homes for America
Homes for America (HFA) is a non-profit organization dedicated to creating and preserving quality, affordable housing communities that foster resident success and well-being. Since its founding in 1994, HFA has been a pivotal force in the Mid-Atlantic region, focusing primarily on Maryland and expanding efforts in Virginia, Pennsylvania, and Delaware. With a mission to provide stable, service-enriched housing, HFA connects residents with essential services and opportunities, ensuring they live with dignity and respect.
About Gallagher
For nearly 65 years, Gallagher has been a trusted partner for businesses and non-profits across the mid-Atlantic region. Representing top universities, hospitals, financial institutions, real estate developers, and more, our firm is experienced in a wide range of practice areas, including real estate development, affordable housing development and financing, civil litigation, health care, employment law, corporate transactions, renewable energy, and confidential investigations. We pride ourselves on offering innovative, practical solutions with a personal touch, acting as your partner and trusted advisor. With a deep commitment to seeing challenges from every angle, Gallagher is here to help you navigate the complex legal landscape with confidence.