The Special Assistance Grant may be layered with down payment assistance loans or grants, including Partner Match loans.
$2,500.00 for borrowers with income not exceeding 50% of Area Median Income (AMI) OR $1,500.00 for borrowers above 50% and not exceeding 80% of the AMI.
|Homebuyer must earn their Homeownership Counseling Certificate from a City-approved counseling agency before writing a sales contract.|
|The home must be the homebuyer’s primary residence.|
|Homebuyer must invest a minimum of $1,000 from personal resources.|
|Homebuyer may not own any other properties, including investment properties, at time of settlement.|
|This incentive may be used in addition to other incentives.|
|Homebuyer must use an approved lender.|
For More Information
Maryland Department of Housing and Community Development
(800) 756-0119 ext. 3