$2,500 – CHB Thank You grant – Are you a Military Veteran? Yes? The Come home Baltimore Foundation will give you $2,500 which can be used for down payment or settlement costs on any CHB home in Oliver.
$5,000 – CDA w/DSELP – As long as you meet CDA guidelines, which are similar to FHA, this program provides $5,000 which can be used for down payment or settlement costs.
$5,000 – FHLBA – This is a matching program. Whatever you put into the transaction (deposit, appraisal, home inspection, insurance, etc), they match, multiplied by 4. If you put $1,250 into the transaction, they will put 4 X $1,250 into the deal on your behalf, which you can use for down payment or closing costs.
$5,000 – CDBG – Provided towards down payment and closing costs. Income restrictions apply.
$3,750 – BCEHP – between $3,000-$3,750 for employees of city and quasi-city agencies.
$6,500 – Baltimore City BRAC Homeownership Initiative – for Military men and women being relocated through the Base realignment who purchase in Baltimore City.
$10,000 – Vacant to Values – Many of our homes have been vacant for more than a year. This program provides an incentive for homeowners to occupy properties in Baltimore City that have been vacant for more than a year. Of course, ours are fully remodeled.
$17,000 – Live near Your Work/HK4E/SK4E – Up to $17,000 provided to homeowners from their employer, the City of Baltimore, and the State of Maryland as an incentive to buy within 10 miles of where you work. We have a list of the participating employers including Johns Hopkins, MICA, Under Armour, and over 65 other agencies
And there are dozens of others. Your Come home Baltimore Home ownership specialist will help you find and apply for the right combination of programs to maximize your buying power.
Reduced taxes for 10 years – Commission for Historic and Architectural Preservation (CHAP) – see how CHAP can save you up to $45,000 in property taxes.
Earn Income Tax Credit (turns into cash in your pocket after closing) Maryland Historic Trust (MHT) Tax credit- Homeowners can earn a state income tax credit equal to 20 percent of qualified rehabilitation expenditures. Maximum credit can not exceed $50,000 in a 24-month period and must have a minimum of $5,000 of eligible expenses to qualify.