|
|
|
Office of Homeownership
Baltimore City Live Near Your Work Program
Contact: Debra Braxton 410-396-3124
What is it?
This program is a partnership between participating employers and the
City of
Baltimore designed to encourage homeownership near place of employment.
Who is eligible?
Employees of participating companies who are first time homebuyers in the City of
Baltimore. Participating employers have the right to develop additional eligibility
requirements for their employees.
What are the benefits?
$2,000 minimum grant or conditional grant ($1,000 from City of Baltimore, and
$1,000 from employer) to be used toward down payment and closing assistance
with no annual income limits.
What are the restrictions/loan terms?
Buyer must contribute at least $1,000 towards purchase and must use the property as the principal residence. Funds are a grant. Participating employers
have the right to develop additional program restrictions for their employees, including eligible neighborhoods.
|
|
|
|
