Choice Neighborhoods Baltimore – Perkins Somerset Oldtown

Development, Owner's Rep, Financial Advisory




Housing Authority of Baltimore City

CSP Role

Co-Developer, Financial Advisory, General Contractor, Owner's Rep


Adam Rhoades-Brown

Download a PDF of this project

Funded in 2010, the Choice Neighborhoods Initiative is a federal program that aims to catalyze change by supporting locally driven strategies to transform neighborhoods of extreme poverty into sustainable, mixed-income communities.

The program, which is administered by HUD, provides grants to fund critical improvements in community assets, including vacant property, housing, services, and schools, to support safe, thriving neighborhoods.

PSO Transformation Plan Overview

Located within minutes of downtown Baltimore and the waterfront, Perkins Somerset Oldtown (PSO) is a community of 5,939 residents in 2,122 households in a district spanning 244 acres. Despite the close proximity to the Inner Harbor, Johns Hopkins Hospital, and several thriving waterfront communities, the PSO neighborhoods have historically suffered from a lack of investment, concentrated poverty, high crime, and under performing schools.

The PSO Transformation Plan will reshape these three development sites into a Community of Choice that is inviting, promotes resident pride and unity among neighbors, and is integrated into the surrounding area – a new model for a 21st century urban neighborhood.

The Housing Authority of Baltimore City (HABC) requested and was awarded $30M in Choice Neighborhoods Implementation grant funding that will leverage more than $540M in committed funding and investments from public, private, and nonprofit partners.


The PSO Transformation Plan recognizes that the heart of this neighborhood is its residents. As such, the Plan leverages the strengths of the community—building upon existing assets and harnessing the market forces already transforming nearby areas. This two-pronged approach will forge new connections between PSO and the Johns Hopkins Medical Campus to the north and the vibrant waterfront to the south.

PSO Transformation Plan Booklet
PSO Transformation Plan website


Newsletters: The Voice of Choice_March 2019

In The News: Choice Neighborhoods Baltimore – Perkins Somerset Oldtown


As Perkins Homes vanish, a new neighborhood is promised

Baltimore Sun


Perkins Homes near Harbor East awaits the wrecking ball

Baltimore Business Journal


Housing Authority of Baltimore City’s $1 Billion Redevelopment

Global Legal Chronicle


Developers break ground at Somerset Homes, the start of a $1B East Baltimore revival

Baltimore Business Journal


Young inclined to back public housing redevelopment financing

Daily Record


East Baltimore Represents A Chance To Finally Do Affordable Housing Right

Bisnow Baltimore


Baltimore neighborhoods — and lives — reimagined

The Baltimore Sun


Baltimore Gets $30M Grant to Help Housing Redevelopment

U.S. News & World Report


Baltimore receives $30 million federal HUD grant for Perkins Homes, East Baltimore redevelopment

The Baltimore Sun


City to make 'special announcement' at Perkins Homes

Baltimore Business Journal


Pugh administration seeks $102 million subsidy for East Baltimore, Perkins Homes redevelopment

The Baltimore Sun


City seeks $102.3M TIF for massive redevelopment in East Baltimore

Baltimore Business Journal


Baltimore creating $55 million neighborhood investment fund by leasing garages

Baltimore Business Journal


Pugh launches $55 million investment fund for under invested communities

Baltimore Fishbowl


New mixed-income housing project to kick off $1B redevelopment in East Baltimore

Baltimore Business Journal


Baltimore named finalist for grant that would kick off East Baltimore redevelopment

Baltimore Business Journal


Baltimore and its Developers Know Each Other



City housing officials to seek up to $100M subsidy for East Baltimore development plan

The Baltimore Sun


Residents, officials react to $1B redevelopment plan near downtown

Baltimore Business Journal


Developers, city plot $1 billion plan to transform 200 acres near downtown

Baltimore Business Journal


Financing options for redevelopment of Perkins Homes include controversial incentives

The Baltimore Sun

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