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Baltimore County Neighborhood Stabilization Program
Baltimore County Office of Community Conservation

Program Overview

Baltimore County Neighborhood Stabilization Program is a Foreclosed properties in Community Conservation areas in 21207, 21220, 21221, 21222, 21234, 21244, 21133 and 21117 zipcodes.

Property Eligibility Requirements

Property must be purchased at 5% - 15% discount. Allowable property types: Single family,semi-detached, townhouse a nnd condominium

Benefit Details

Minimum is $15,000; maximum is $50,000 (of which $35,000 is required to be used for downpayment or principal curtailment). Benefit: Loan is deferred for 15 years, then forgiven. The loan must be repaid in the first 15 years upon sale, transfer of title or default. Loan Term: 15 years years Homebuyer Counseling / Education Required: Yes Owner Occupancy Required: Yes Other Program Comments: Inspection required.

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