Latest news with #BmoreFAST
CBS News
12-05-2025
- Business
- CBS News
Baltimore Mayor Scott to announce Housing Options and Opportunity Act
Baltimore City Mayor Brandon Scott plans to announce the Housing Options and Opportunity Act Monday morning, according to a statement. While the Mayor has not yet shared details about the measure, it likely complements a recent push to encourage individuals and families to purchase homes in Baltimore. In 2023, Scott passed Baltimore's Tenant's Right of First Refusal law, which gives renters the first opportunity to purchase a home they have been renting if their landlord decides to sell. More recently, the city hit the $750,000 benchmark in distributing grants to first-time home buyers in the city through Baltimore's Buy Back the Block program. Along with encouraging homeownership, Baltimore City leaders have also been working to tackle the crisis of vacant homes. Bmore F.A.S.T. program aims to speed up property development process Announced in March, the Bmore F.A.S.T. (Facilitating Approvals and Streamlining Timelines) program involves a $3 million investment aimed at making the property development process more efficient. The plan would establish a new Director of Permitting and Development Services position within the mayor's office, which will work across agencies to eliminate bottlenecks in the development process. It will also add a new e-permits platform and self-certification options for qualified professionals, For developers, the plan includes a new e-permits platform, self-certification options for qualified professionals, simplified developer agreements for public right-of-way work, and a utility coordination program to align with major service providers. Where does Baltimore's vacant crisis stand now? Baltimore City has nearly 13,000 vacant homes, which the city plans to rehabilitate over the next 15 years. Vacant homes have presented dangerous circumstances for Baltimore, including a fire on Stricker Street in 2022, that left three firefighters dead. In March, a fire tore through 15 homes on North Fulton Avenue.
CBS News
02-04-2025
- Business
- CBS News
What's in Baltimore City's fiscal 2026 budget?
Mayor Brandon Scott has announced Baltimore City's fiscal 2026 budget, which is expected to address an $85 million shortfall while making several investments. The budget balances the deficit through $26.6 million in new revenue from updated fee structures, $43.7 million in citywide cost optimizations, and $14.7 million in agency-specific reductions. The proposal does not include increases in property or income taxes. "These decisions look to avoid mistakes of the past, which balanced the budget on the backs of core services and investments in our communities," Scott said in a statement accompanying the budget proposal. The spending plan includes $624.8 million for youth initiatives, including $6.9 million to expand the YouthWorks summer jobs program to 8,500 participants at $15 per hour and funding for two new recreation centers. Public safety receives $1.2 billion, with full funding for the citywide expansion of the Group Violence Reduction Strategy and continued efforts to transition administrative police tasks to civilian roles. These efforts are expected to save $1.1 million annually in overtime costs. The budget allocates $1.1 billion for neighborhood services, including $5 million to enhance trash and recycling collection with 15 additional crews and $36.7 million from the Opioid Restitution Fund to combat the opioid epidemic. Scott's plan also includes $346.4 million for neighborhood development, featuring an additional $1.5 million for the mayor's $3 billion vacant housing initiative. That funding will also cover Bmore FAST , a new program to improve the city's property permitting process. $2 million to establish a new Office of Art, Culture, and Entertainment. The capital budget marks the largest investment in 20 years, with $125 million in borrowing for capital projects 56% increase from previous levels-targeting affordable housing, school construction, and city parks. The budget now moves to the City Council for review before the start of the fiscal year on July 1. According to The Baltimore Banner , the plan relies on $200 million in federal funding and does not account for any cuts to income tax revenue as a result of Baltimoreans laid off by the federal government. The Trump administration's recent cuts to federal funding and ongoing efforts to shrink the size of the federal workforce have created an air of uncertainty. As many of Maryland's federal workers who were laid off search for new career opportunities , agencies, and organizations are assessing the impact of federal funding cuts. On Monday, state education leaders said they were shocked after the federal government rescinded a reimbursement of $360 million in funding that was previously committed to state schools.
CBS News
11-03-2025
- Business
- CBS News
Baltimore City reforming permit process to increase pace of development, address vacant housing crisis
Baltimore City leaders launched a program to reform the permitting process with the goal of increasing development and addressing the ongoing vacant housing crisis. The effort includes a comprehensive Bmore FAST (Facilitating Approvals and Streamlining Timelines) report that will share recommendations to modernize the permit approval process. As part of the effort, Baltimore Mayor Brandon Scott said he would form a Bmore FAST advisory group that will bring stakeholders together to guide the reforms. The reform effort comes after a review of the city's development approval process. Leaders hope the changes will help city agencies identify bottlenecks and improve the process to accelerate development in the city. "Baltimore stands at a historic crossroads with our $3 billion investment plan to transform vacant properties over the next 15 years and significant amounts of investment pouring into every corner of our city," Mayor Scott said. "To maximize this unprecedented opportunity, we must ensure our development processes don't become roadblocks to progress." Reform recommendations Two key recommendations are the creation of the advisory group and the creation of a director of permitting and development services position. The director position in the mayor's office would help coordinate agencies involved in the development approval process. The Bmore FAST advisory group would bring developers, contractors architects, lenders and development experts together to provide insight in the reform process. City leaders hope the reform efforts will improve the development process by cutting delays and removing barriers, allowing development to happen quickly in Baltimore communities. The effort should create more housing options and revitalize commercial areas in neighborhoods. The changes should also move the city toward its goal of ending the vacant housing crisis by making it easier to transform vacant properties into homes, businesses and other usable spaces. In December 2024, there were approximately 13,000 vacant properties across Baltimore, and the city owned fewer than 1,000 of them. Thousands of those properties were falling apart or were designated as uninhabitable. In the past five years, the city has seen a 20% drop in vacant building notices. According to city leaders, the Bmore FAST program will help transform 37,500 vacant houses and lots. Areas to reform The Bmore FAST program focuses on four key areas. First, the reforms should increase transparency and accessibility with expanded bilingual services and a central portal where information can be found. The reforms should also streamline the approval process with self-certification options and improved utility coordination. The reforms will also allow for pre-approved plans and enhanced technical assistance, reducing barriers for small developers and others participating in the permit process. Finally, the reforms should improve city operations with increased coordination, staffing assessments and performance management. Ultimately, the program should allow for more resources to be used for construction rather than the administrative process, according to city leaders.
CBS News
06-03-2025
- Business
- CBS News
Mayor Scott unveils new plan to help tackle Baltimore City's vacant home crisis
Mayor Brandon Scott has announced a new plan that will help the city tackle its vacant housing crisis. The plan, titled Bmore F.A.S.T. (Facilitating Approvals and Streamlining Timelines), involves a $3 billion investment. The goal is to speed up the property development process in the city, while maintaining safety standards and community input, according to the mayor. Central to the plan is the creation of a new Director of Permitting and Development Services position within the mayor's office. The role will coordinate across agencies to eliminate bottlenecks in the development process. "The stakes couldn't be higher," Scott said. "Our city faces both a housing crisis and commercial corridor challenges that require immediate action." For developers, the plan includes a new e-permits platform, self-certification options for qualified professionals, simplified developer agreements for public right-of-way work, and a utility coordination program to align with major service providers. Operational improvements include a performance management system for development services, proactive clearing of liens on city-acquired properties, and reorganizing the Office of Zoning Administrator within the Department of Planning. In the announcement, Scott cited his administration's first-term progress, including a 16.5% reduction in vacant properties and the creation of over 9,000 affordable housing units. The reforms are designed to support the Bmore FAST plan to address 37,500 vacant properties over the next 15 years. To execute the plan, the city is establishing the Bmore F.A.S.T. Advisory Group made up of developers, contractors, architects, and community representatives will guide implementation. The full plan is available at the City of Baltimore website. Baltimore works to tackle the vacant housing crisis In December, the Baltimore City Council passed a bill to increase the property tax for vacant homes, to encourage homeowners to take better care of their property. In December 2024, according to Councilwoman Odette Ramos, Baltimore City owns less than 1,000 vacant properties, and thousands more are falling apart or designated as uninhabitable. As of early October 2024, only 3,600 properties qualified for the tax rate increase, though that number is expected to increase under the recently passed bill.
