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Baltimore City Employee Homeownership Program
Baltimore City Department of Housing
www.baltimorehousing.org

Contact


Marva Allette
Baltimore City Office of Homeownership 417 E. Fayette St.
Baltimore Maryland 21202
410-396-3124






Program Overview


Baltimore City Employee Homeownership Program is a program designed to assist employees of the City of Baltimore to become homeowners within the City limits. Eligible neighborhoods within Baltimore City limits.


Property Eligibility Requirements


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.

The sales price cannot exceed $ 417000.


Benefit Details


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. $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.

Benefit: Loan is forgivable over 5 years, reducing 20 percent for each year of occupancy.
Loan Term:5 years years
Homebuyer Counseling /
Education Required:
Yes
Owner Occupancy Required:Yes

Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on this site. Some inaccuracies may exist. For verification contact a certified REALTOR member or a participating Lender.



For more information about this and other homebuyer programs please contact one of the following:

Workforce Housing Certified REALTOR®

 

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