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Board approves HUD addendum to let HABC place Perkins supportive‑services funds in trust
Summary
The Board of Estimates approved an addendum to the Perkins Somerset Old Town HUD agreement allowing the Housing Authority of Baltimore City to place supportive‑services funds in a trust to protect them from federal recapture; the city signs as co‑grantee but assumes no financial responsibility.
The Board of Estimates on June 4 approved an addendum to the HUD agreement for the Perkins Somerset Old Town (PSO) redevelopment that permits the Housing Authority of Baltimore City to establish a trust to secure funds earmarked for resident supportive services.
Deputy Mayor Justin Williams told the board the trust is an HABC mechanism to protect service dollars from potential federal recapture and emphasized that the funds involved are HABC funds: "No city funds involved. The city assumes no financial responsibility," he said. The city signs the addendum as co‑grantee because the original grant structure names both HABC and the city.
Why it matters: the move is intended to protect resident‑focused supportive services funding within the larger PSO capital stack. HABC officials said the addendum is time‑sensitive and that establishing the endowment-style trust reduces the risk the federal government could demand funds be returned.
Board members discussed project timing and related obligations — including coordination on City Springs Elementary School construction — but the addendum vote concerned only the HUD/HABC instrument and carried approval. The board approved the walk‑on item.
