September 10, 2016
Dozens of homes went under contract Saturday in a zone of rehabs and grassy lots north of Johns Hopkins Hospital, as homebuyers were lured to the once-and-future neighborhood by the promise of thousands of dollars in incentives.
A $36,000, one-day-only offer to employees of Johns Hopkins University and Johns Hopkins Health System as part of their Live Near Your Work program was designed to create buzz for the area. It's the site of an ambitious and controversial revitalization project that struggled to gain momentum for years.
And it appeared to work. Faced with more potential buyers than the number of houses initially included in the offer, Ryan Homes released additional lots to meet the demand, a Hopkins spokesman said. Ryan Homes is working with Greenebaum Enterprises on building 49 homes there.
"Without the programs, I wouldn't be buying in the city," said Terrence Woods, 30, a financial analyst at Hopkins Health System, who currently rents with his girlfriend and 2-year-old daughter in Owings Mills.