Haha! I remember the grade school kids carrying on till the wee hours when I lived across the street from section 8 housing. If it's section 8 than you'll be living with it for decades, if it isn't your arrival in the neighborhood means it will be over in a few years.
I'm not sure if it's section 8 or not. But I did notice that there are about six other gut-and-rehab projects ongoing on my block. My next door neighbor, a black lady who's been renting there for almost 15 years, says she's getting pressure from her landlord to move out and that he's trying to remodel the place himself and start charging more. It seems that some the property owners around here sense a change. Which is interesting, and so quintessentially Baltimore: two or three blocks north of me and the abandoned houses start in earnest. Yet the real estate markets are so hyperlocal that it's just a matter of a block or two to go from somewhat booming or desirable to vacancies and condemned housing.