Central Baltimore Homebuying Incentive Program
This program is no longer 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 were used for $10,000 financial incentives for 10 low- to moderate-income homebuyers in Central Baltimore. All slots and the waiting list were filled.
The purpose of the program was 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 was to incentivize potential residents to live closer to places of employment in Central Baltimore, and to aid current residents, who wished to own their own home.
The Central Baltimore Homebuying Incentive Program offered grants of $10,000 in deferred loans to 10 potential homebuyers searching for homes in Central Baltimore. These incentives could be used with other Baltimore City, as well as State of Maryland, incentives. The incentives were available to applicants that made 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.
Through other measures created under the aegis of our Front and Center plan, we will continue to work with neighborhood associations and residents to make it possible for legacy residents and future homeowners (of all income levels) to benefit from neighborhood improvements.
If you are look for a home, our Partners — Healthy Neighborhoods, Live Baltimore, Neighborhood Housing Services have excellent resources for potential homebuyers (of all income levels), seeking incentives, information, and other forms of assistance.