NIIF Investments

$1 Million Bridge Loan for Southern Streams Health & Wellness Center

In December 2019, NIIF extended a $1 million bridge loan to support predevelopment expenses for the the planned Southern Streams Health and Wellness Center to be built on North Chester Street in Broadway East. NIIF’s loan is bridging a multi-year grant for Southern Streams from the Maryland Department of Housing and Community Development.

The project is another key element of the building momentum in the Broadway East community including redevelopment of the Hoen Lithograph Building and the Food Hub. The Center will include over 100,000 square feet of commercial, medical / office and community facilities space. Medical services will be provided through a partnership with Johns Hopkins, which has committed to over 20,000 square feet. Located on the site of the old Bugle Laundry which was demolished in 2018, the project sponsored by Southern Baptist Church. The Church previously sponsored the Mary Harvin Transformation Center with 61 units of affordable senior housing and services, counseling and job training space.

“The Southern Streams Health and Wellness Center is a major catalyst project in the East Baltimore Revitalization Plan that will further actualize the mantra of restoring people as we rebuild properties. Collaborative partnerships where the city and state are working together really provide the help that underserved communities need to create sustainable change and value in real time and in the foreseeable future.” said Bishop Donte Hickman, Pastor of the Southern Baptist Church.