GEDCO Receives $5.6 Million HUD Award for Stadium Place Senior Housing

Govans Ecumenical Development Corporation (GEDCO) has been awarded a $5.6 million grant from the US Department of Housing and Urban Development (HUD) to build a 74-unit apartment building at Stadium Place, a senior campus community located at Baltimore City’s former Memorial Stadium site.

"This is a landmark day for Baltimore’s seniors who are in need of high quality, affordable housing," said The Reverend John R. Sharp, president of Stadium Place, in a prepared statement to the press. "This award allows us to move forward with our vision to provide care for all seniors, regardless of their income. We are most appreciative of this award."

HUD also awarded an additional $1.2 million for operational assistance.

This $5.6 million award is the second phase of HUD funding for Stadium Place. The first HUD building, Venable Apartments I, is now under construction and is expected to be completed in April 2004. The 110-unit Ednor Apartments is slated to begin construction this fall. The 30-acre site will include apartments, homeownership, assisted living, a YMCA facility, and an interfaith center known as Thanks Giving Place.

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This story was published on December 2, 2003.