Mayor Rawlings-Blake to Welcome CityLIFT Program Homebuyers at the Baltimore Convention Center
Innovative program is designed to boost homeownership in Baltimore
On Friday, April 5, 2013, Mayor Stephanie Rawlings-Blake, Congressman Elijah Cummings, Housing Commissioner Paul T. Graziano, Wells Fargo, and NeighborWorks America launched the second stage of the Wells Fargo CityLIFT Homeownership Incentive Program at the Baltimore Convention Center.
Mayor Rawlings-Blake welcomed the first of more than 225 prospective homebuyers who pre-registered to apply for part of $4.5 million in down payment assistance grants to help buy a home in Baltimore through the CityLIFT program. The innovative sustainable housing program will help revitalize Baltimore neighborhoods by offering $15,000 in down payment assistance grants to 300 qualified homebuyers.
At the event, prospective homebuyers learned more about homes for sale in the city and other down payment assistance programs available through the City of Baltimore. Loan officers from several institutions were available at the event to discuss mortgage options.
The first stage of the program successfully qualified 67 home buyers and committed one million dollars between January and March 2013. The Wells Fargo CityLIFT program in Baltimore City supports two of Mayor Rawlings-Blake's premier initiatives-Vacants to Value and Growing Baltimore by 10,000 households in 10 years.