Welcome to the Office of Homeownership
The Office of Homeownership offers a variety of incentive programs to homebuyers purchasing in Baltimore City. These incentives can make buying a home more affordable by lowering your closing costs and boosting your downpayment.
All incentives require homeownership counseling from a City-approved homeownership counseling agency prior to writing an offer, and a minimum $1,000 investment from the homebuyer's own funds towards the purchase of the property. All incentives with the exception of Live Near Your Work are provided as five-year forgivable loans.
Incentive Tracker (as of 9/6/19)
Incentives are budgeted annually for the fiscal year, beginning July 1 and ending June 30. The chart below is updated weekly and displays the number of incentives available for each program through June 30, 2020. Incentives are awarded on a first-come, first-served basis until the end of the fiscal year or until funds are expended, whichever comes first.
|Program Name||Remaining Incentives|
|Baltimore City Employee Homeownership Program||89|
|Buying Into Baltimore||90|
|Community Development Block Grant (CDBG) Homeownership Assistance Program||175|
|Direct Homeownership Assistance Program||25|
|Live Near Your Work||252|
|Vacants to Value Booster 1 (7/1/19 - 12/31/19)||30|
|Vacants to Value Booster 2 (1/1/20 - 6/30/20)||33|
Incentive Programs and Contact Information
Basic information about our incentive programs is listed here. For additional general information, contact the Office of Homeownership main line at (410) 396-3124. For information about specific programs, contact the program administrator listed.
Baltimore City Employee Homeownership Program - $5,000 for employees of City and quasi-City agencies who have been employed for at least six months. Contact: Tanika Owens, (410) 396-1319 or [email protected].
Community Development Block Grant (CDBG) Homeownership Assistance Program - $5,000 for first-time homebuyers with household income at or below 80% of area median income. Currently, this is $52,850 for a household of one, $60,400 for two, and $75,500 for four. Contact: Brenda Winston, (443) 984-2264 or [email protected].
Direct Homeownership Assistance Program - An additional $5,000 for CDBG Homeownership Assistance Program recipients who (a) purchase the house they have rented and occupied for at least six months, or (b) have a household member with a disability. Contact: Daibeth Saunders, (410) 396-4159 or [email protected].
Live Near Your Work - This partnership with participating employers encourages homeownership near places of employment. The City matches employers' contributions between $1,000 and $2,500, for total incentives of $2,000 to $5,000+, depending on the employer. Contact: Daibeth Saunders, (410) 396-4159 or [email protected].
Vacants to Value Booster - $10,000 incentive for properties that were subject to a Vacant Building Notice for at least one year prior to (a) rehabilitation of the property by an investor/developer, or (b) sale of the property to a homebuyer who intends to renovate the property using an aquisition/rehabilitation loan. Contact: Earnestine Carter, (410) 396-4606 or [email protected].