Home Buying Grants in Baltimore

Good Neighbors Program – $5,000 grant

Baltimore City wants to assist teachers, firefighters and police officers in purchasing homes. The Good Neighbors Homebuying Incentive program will assist “Vacants to Value” homebuyers with a $5000 award toward to your down payment and closing costs. To learn more or apply, please call 410-396-3124.

Community Development Block Grant Homeownership Program – $5,000 grant

The Baltimore City Office of Homeownership’s CDBG Homeownership program is designed to assist first time homebuyers. The program can give qualified first time homebuyers $5,000 toward down payment and settlement expenses. The funding source for the CDBG program have 80% median income limitations. You must be within the income limitations to qualify for this program. To learn more, please call 410-396-3124 or contact Department of Housing and Community Development CDBG Office at 417 E. Fayette Street Room 1101 in Baltimore.

Settlement Expense Grant – $5,000 loan

The Down payment Settlement Expense Loan Program (DSELP) provides 0 percent deferred second mortgage loans to eligible homebuyers to cover settlement expenses when applicants use a CDA Maryland Mortgage Program. Please see the State’s Web site at www.dhcd.state.md.us for more program details.

Buying Into Baltimore Program – $5,000 grant

The Buying Into Baltimore: Neighborhood Tours program is a partnership venture with the City of Baltimore and the Live Baltimore Home Center. Neighborhood tours are scheduled in the spring and fall of each year, highlighting the neighborhoods. The first 50 homebuyers that attend the trolley tour and execute a sales contract within 90 days of the fair are eligible to receive a $3,000 award toward closing costs. Persons who purchase a MCC-owned property will receive an additional $1,000. To learn more about this program, visit http://www.baltimorehousing.org/homeownership_trolley.

Live Near Your Work Program – up to $6,000 grant

The Live Near Your Work Program is a partnership between participating employers and the City of Baltimore. This program is designed to encourage homeownership near your place of employment. To learn about participating employers and apply, please call 410.396.3124 or visit http://www.baltimorehousing.org/homeownership_livenear.

Maryland “You’ve Earned It” Initiative

For a limited time, the Maryland Mortgage Program is offering a 0.25% discount on the standard Maryland Mortgage Program mortgage rate and $5,000 in Down Payment Assistance to qualified home buyers that have at least $25,000 of student debt, and who are purchasing a home in one of Maryland’s Sustainable Communities. To learn more, please visit http://mmp.maryland.gov/EarnedIt/Pages/default.aspx.

City Living Starts Here

City Living Starts Here is a $5,000 incentive to use toward buying a home anywhere in Baltimore City. You must attend a City Living Starts Here Tour to become eligible for the $5,000 incentive. Every year, there are up to four opportunities to get $5,000 toward buying your home! For more information please call Baltimore City Housing at 410-396-3124.

Baltimore City Employee Homeownership Incentive

Employees of City agencies and quasi-city agencies, who are employed and paid by the Mayor and City Council of Baltimore City, may receive up to a $5,000 toward buying a home. Please contact Marva Allette at marva.allette@baltimorecity.gov.

City of Baltimore Historic Restoration and Rehabilitation Property Tax Credit

This is a 10-year program, with the credit granted on the increased value of a historic property due solely to the qualified historic improvements. This program applies to residential and income property. Properties located in national register and/or locally designated historic areas are eligible. Please contact Baltimore City’s Commission for Historical and Architectural Preservation at 410-396-4866.

Good Neighbor Next Door

GNND offers a substantial incentive for law enforcement offers, teachers of grades K-12, and firefighters/emergency medical technicians interested in becoming homeowners. These potential home buyers are offered a 50% discount from the list price of a home. For more information, contact HomeSoure Department of Housing and Urban Development at 410-962-2520 or visit their website at http://portal.hud.gov/hudportal/HUD.