Central Baltimore Homebuying Incentive Program
This program is once again accepting applicants.
The Central Baltimore Homebuying Incentive Program launched in 2019, with funding of $100,000 from the MD Department of Housing and Community Development Baltimore Regional Neighborhood Initiative (BRNI). These resources have enabled $10,000 financial incentives for 10 low- to moderate-income homebuyers in Central Baltimore.
After processing our first set of applicants, a few slots are still open for this first round of funding. And we are seeking additional funding in Spring 2021.
The purpose of the program is to maintain, and promote, income diversity in the six neighborhoods outlined in our Front and Center Equity Plan — these neighborhoods include: Barclay, Charles North, Greenmount West, Harwood, Midway, Old Goucher, and Remington. Another aspect of the program is to incentivize potential residents to live closer to places of employment in Central Baltimore, and to aid current residents, who wish to own their own home.
The Central Baltimore Homebuying Incentive Program offers grants of $10,000 in deferred loans to potential homebuyers searching for homes in Central Baltimore. These incentives can be used with other Baltimore City, as well as State of Maryland, incentives. The incentives are available to applicants that make 100% (or less) of the above neighborhoods average median income (AMI).
The Central Baltimore Homebuying Incentive Program is part of our commitment to ensuring that long-time low-income residents are not displaced, and that low- and moderate-income families will continue to see these communities as viable locations to live and flourish.
Our Partners — Healthy Neighborhoods, Live Baltimore, Neighborhood Housing Services also have excellent resources for potential homebuyers (of all income levels), seeking incentives, information, and other forms of assistance. Their help can be combined with this program.
For information about how to apply for this program, contact: Ashley Wallace, Deputy Director, firstname.lastname@example.org