Property must be a city-designated vacant for at least one year. This includes City-owned property, as well as privately-held homes that have been cited by Baltimore Housing.
Fixer rate mortgages only.
|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.|
|Incentive may be used toward downpayment and closing costs.|
|Incentive is a five-year forgivable loan (Your balance is forgiven by 20% each year, at the end of five years you no longer have a balance).|
|The home may have up to 4 zoned residential units.|
|This incentive may be used in addition to other incentives.|
|Incentive appears as a second lien on property until the balance is forgiven or repaid.|
For More Information
Baltimore Housing Office of Homeownership