| Date | Title | Description |
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| Aug 13, 2026 | MBS Urban Initiatives Supports Transformational Early Childhood Education Center in Zion, Illinois | $35.6 Million Educare Lake County Project Expands Early Learning, Family Services, and Economic Opportunity
This investment reflects our belief that transformative community development extends beyond housing”
— Nicole Blumner, Senior Vice ... |
| Aug 12, 2026 | MBS Urban Initiatives Supports Findlay Market Healthy Food Hub to Expand Healthy Food Access and Economic Opportunity | MBS Urban Initiatives CDE, the Community Development Entity affiliate of McCormack Baron Salazar, supports the Findlay Market Healthy Food Hub in Cincinnati, OH
Findlay Market Healthy Food Hub demonstrates how strategic investments strength... |
| Jul 13, 2026 | MBS Urban Initiatives Supports El Bolillo Bakery Expansion in San Antonio Through New Markets Tax Credit Investment | MBS Urban Initiatives CDE (MBS UI), has successfully closed financing to support the expansion of El Bolillo Bakery (EBB) into San Antonio, Texas.
This investment reflects our commitment to supporting businesses that create meaningful econo... |
| Jun 22, 2026 | Major Redevelopment Project Raises Environmental Alarm After Business Owner Says Nearly $1 Million Investment Destroyed | Toxic spray was used to kill insects and rodents in old military sites across the country.
The last thing people expect is to live in an area where the soil they walk on is compromised with cancer-causing, volatile organic compounds.
The di... |
| Apr 20, 2026 | MBS Urban Initiatives Deploys $575 Million to Drive Equitable Community Development Nationwide | Investments support job creation, education, and essential services in underserved communities
Our work has consistently shown that housing alone is not enough to transform communities.”
— Vincent R. Bennett, President & CEO of McCormac... |
| Jan 12, 2026 | McCormack Baron Salazar awarded $75 million in New Markets Tax Credit Allocation | The allocation will be invested in projects that provide educational opportunities, community services, and employment in underserved urban neighborhoods.
For over 50 years, MBS has partnered with underserved communities to meet their housi... |
| Aug 5, 2025 | McCormack Baron Salazar Announces Financial Closing of Perkins 4A/B in Baltimore, Maryland | Perkins 4A/B is the fourth of five phases in the redevelopment of the former Perkins Homes site in Baltimore, Maryland
This milestone reflects the commitment and coordination of an incredible public-private partnership”
— Vincent R. Bennett... |
| Jul 14, 2025 | McCormack Baron Salazar Breaks Ground on 2nd Phase of Winn Dixie Redevelopment Continuing Iberville/Tremé Transformation | On July 10, community leaders, partners, and neighbors gathered to celebrate the groundbreaking of the next phase of the Winn Dixie redevelopment
This groundbreaking marks more than new construction—it’s a testament to strong public-private... |
| May 5, 2025 | Groundbreaking Celebration Held for Jazz District III at Iconic 18th & Vine in Kansas City | On Monday, May 5, community leaders, stakeholders, and supporters will gather to celebrate the groundbreaking of Jazz District III
With thoughtful design and strong community partnerships, Jazz District III will enhance quality of life, att... |
| Feb 21, 2025 | McCormack Baron Salazar Proposes The Lovejoy: A $27 Million Development to Revitalize Downtown Alton | McCormack Baron Salazar is excited to announce The Lovejoy, a proposed $27 million development aimed at bringing high-quality rental housing to Downtown Alton ALTON, IL, UNITED STATES, February 21, 2025 /EINPresswire.com/ -- McCormack Baron... |
| Dec 24, 2024 | MBS Urban Initiatives CDE Invests $7.5 million in Food City Huntsville | MBS Urban Initiatives CDE (MBS-UI) has closed on a $7.5MM New Markets Tax Credit (NMTC) investment for a new Food City supermarket in Huntsville, AL.
Food City will provide additional resources that are essential to supporting a thriving an... |
| Nov 8, 2024 | MBS Urban Initiatives CDE invests $8.5 million New Markets Tax Credit allocation in the Wilcox Academy of Early Learning | Wilcox Academy Rendering
The new Wilcox Academy Central City is a state-of-the-art early learning center in the Central City neighborhood of New Orleans.
We are proud to support the incredible work of Rochelle Wilcox and her team, and we be... |
| Sep 23, 2024 | Galveston Housing Authority, and Partners Celebrate the Ribbon Cutting Ceremony of The Oleanders at Broadway | This is the grand opening of The Oleanders at Broadway, a mixed-income, multifamily development located at 815 52nd Street, Galveston, Texas.
The Oleanders at Broadway is a testament to the resilience and strength of the people of Galveston... |
| Sep 20, 2024 | McCormack Baron Salazar awarded $50 million in New Markets Tax Credit Allocation | The allocation will support educational opportunities, community services, employment, and access to fresh, healthy foods in disinvested urban neighborhoods.
The NMTC program is an important federal tool for public-private partnerships to s... |
| Aug 29, 2024 | MBS Urban Initiatives CDE allocates $7.5 Million New Markets Tax Credit for Expansion of Health Clinics in New Orleans | Depaul Community Health Centers
The investment supports two Ascension DePaul Services New Orleans clinics, operated by Marillac Community Health Centers, dba DePaul Community Health Centers.
We are deeply committed to improving healthcare a... |
| Aug 8, 2024 | Kim Hartmann Promoted to Executive Vice President and Chief Financial Officer; Appointed to Board of Directors | McCormack Baron Salazar is pleased to announce the promotion of Kim Hartmann to Executive Vice President and Chief Financial Officer
Her leadership will continue to drive our financial strategy and support our mission of creating vibrant, s... |
| Jul 17, 2024 | City of Huntsville and Huntsville Housing Authority Win Prestigious $50 Million HUD Grant for Mill Creek Transformation | The City of Huntsville announces they have been selected to receive one of the HUD prestigious Choice Neighborhoods Implementation Grants (CNI).
This is no longer a plan. This is no longer an application. It’s no longer a pile of paper and ... |
| May 20, 2024 | Villa Del Sol Celebrates Grand Reopening with Ribbon Cutting Ceremony in Kansas City Missouri | Villa Del Sol, a cherished residential community originally developed in 1997, proudly announces its grand reopening on May 21, 2024 at 2015 W. Pennway Terrace.
We are excited to celebrate the grand reopening of Villa Del Sol and thank the ... |
| Apr 8, 2024 | HUD to Present Green and Resilient Retrofit Program (GRRP) Funding to benefit Preservation Square | HUD will be presenting a prestigious award to Preservation Square of up to $16,000,000 through HUD’s groundbreaking Green and Resilient Retrofit Program (GRRP). ST. LOUIS, MISSOURI, UNITED STATES, April 8, 2024 /EINPresswire.com/ -- The U.S... |
| Mar 15, 2024 | Grand Unveiling of Aura at Innovation Square: Elevating Living in Cleveland's Fairfax Neighborhood | Aura at Innovation Square, the mixed-income apartment development in Cleveland's Fairfax neighborhood has the official Ribbon Cutting Ceremony on March 19, 2024
The availability of quality, affordable housing for area employees at all incom... |
| May 30, 2023 | McCormack Baron Salazar and Sacramento Housing & Redevelopment Agency Celebrate Mirasol Village Grand Opening on May 31 | McCormack Baron Salazar and Sacramento Housing & Redevelopment Agency Celebrate Mirasol Village Grand Opening on May 31.
Sacramento and SHRA are keeping a promise to former residents that they would return to a brand-new community with ... |
| Mar 9, 2023 | McCormack Baron Announces the Retirement of Hillary Zimmerman, President, MBS Asset Management and SVP & General Counsel | Zimmerman oversaw all ownership and legal matters for the McCormack Baron companies
We’re delighted for Hillary to enjoy a well-deserved retirement, but sorry to lose her expertise and knowledge of the inner workings of the company. ”
— Vin... |
| Jan 31, 2023 | McCormack Baron Salazar Closes on Financing for Phase II of Perkins Homes Redevelopment in Baltimore | Construction of 156 Mixed-Income Apartments Has Begun with Phase III Right Behind
We are grateful to Governor Larry Hogan and the Maryland Department of Housing and Community Development for their unwavering support of the Perkins Homes Red... |
| Dec 2, 2022 | Winston-Salem Choice Neighborhood Phase One Breaks Ground | Phase One – Mixed-Income Housing Development Groundbreaking on Tuesday, December 6, 2022
Breaking ground at this historic site marks the beginning of change. Residents of this neighborhood will experience community investment and opportunit... |
| Nov 1, 2022 | McCormack Baron Salazar awarded $55 million in New Markets Tax Credit Allocation | The allocation will be invested in projects that provide employment, community services, education and access to fresh foods in disinvested urban neighborhoods.
We appreciate the CDFI Fund’s efforts to address the needs of distressed urban ... |
| Oct 10, 2022 | McCormack Baron Salazar Closes on Financing for Phase I of Perkins Apartments Redevelopment in Baltimore | Construction of 103 Mixed-Income Apartments Has Begun with Phase II Right Behind
This new mixed-income, mixed-use community will provide a range of housing choices and opportunities for legacy Perkins residents that includes public, workfor... |
| Sep 28, 2022 | St. Louis Near North Side Preservation Square Grand Opening On Thursday, September 29, 2022 at 11:00 am cst | McCormack Baron Salazar, City of St. Louis, and St. Louis Housing Authority will hold a grand opening for the new $186 million development, Preservation Square
With the construction of the new bridge and the $1.75 billion construction of th... |
