Office of Homeownership
Baltimore City Employee Homeownership Program
Contact: Debra Braxton 410-396-3124
What is it?
In its 11th year, this program is designed to assist employees of the City of Baltimore
to become homeowners within the city limits.
Who is eligible?
All employees of Baltimore City's agencies and quasi-agencies working for a
minimum of 6 months.
What are the benefits?
$3,000 down payment and closing assistance with no annual income limits. An
additional $750 is given for homes purchased in Healthy Neighborhoods target
blocks.
What are the restrictions/loan terms?
Property must be located in Baltimore City in an eligible neighborhood. Ineligible
neighborhoods include: Bellona-Gittings, Blythewood, Canton, Cedarcroft, Cross Keys,
Evergreen, Federal Hill, Guilford, Hunting Ridge, Homeland, Homeland-Gallagher, Kernwood,
Keswick, Lake Evesham, Loyola, Mount Washington, North Roland Park, Otterbein, Original Northwood,
Roland Park, Rosebank, Sabina-Mattfeldt, Ten Hills, The Orchards, Tuscany-Canterbury,
and Wyndhurst. Mortgage loan may not exceed $417,000. Buyer must contribute at least $1,000 towards
purchase and must use the property as the principal residence. Closing on the
property must occur within 90 days of the contract date. Only one City employee
per household may receive assistance. Loan is forgivable over 5 years, reducing 20
percent for each year of occupancy.
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