Baltimore City Doubles Incentive For First-Time Homebuyers To $10000


credit: Visual Photos

"To continue to grow our city and strengthen our economy, we must do everything in our power to prevent potential Baltimore homeowners from being squeezed out of the marketplace."

So says Baltimore Mayor Brandon Scott in announcing an increase in home-buying incentives for first-time homebuyers, the Baltimore Sun reports.

The incentive for first-time homebuyers who purchase a home in Baltimore's Impact Investment Areas will be increased from $5,000 to $10,000 starting May 1, 2022, with an additional $10,000 available for purchases in the city's Impact Investment Areas.

The incentives are available to households earning less than 80% of the area's median income, which is $55,950 for a household one, $63,950 for two, or $79,900 for four, per a press release.

"Home prices and mortgage rates continue to escalate.

This dynamic can cause housing affordability to sink for many first-time buyers," Scott says.

"To address these challenges and continue to grow our communities, we are boosting the assistance we offer to make buying a home more affordable."

The incentives are available through the Baltimore City Department of Housing & Community Development's First-Time Homebuyers Incentive Program, which is funded with Community Development Block Grant funds and offers down-payment help and closing cost support for first-time homebuyers. Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Social Enterprise Fund Targets 'purpose-driven' Businesses Hit By Covid And Cost-of-living Crisis

During the COVID 19 pandemic, Scotland's third sector was a "critical community lifeline," says Chris Jamieson, head of investments at Social Investment Scotland, but "the end of lockdown hasn't...more

New Fund Aims To Level Social Investment Playing Field

There's a new social investment fund out there, and it's designed to help more women, minorities, and people with disabilities. Big Issue Invest, Unpi Invest, and Shift have teamed up to create...more

New AI-powered Philanthropy & Impact Investing Platform Set To Accelerate Social Impact

Deep Knowledge Philanthropy, a subsidiary of Deep Knowledge Group, has announced the launch of its AI-powered Philanthropic & Impact Investing Platform. The platform harnesses the power of big...more

Nuveen Real Estate Launches Global Impact Investing Sector

Nuveen Real Estate, one of the world's largest real estate investment managers, is aiming to change the world. The company, a subsidiary of TIAA, plans to invest up to $15 billion in real estate...more

Harvard Team Wins Second Place In MIINT Impact Investing Competition

A team of MBA students from Harvard Business School has won a $25,000 investment in a Tunisian startup as part of a program that teaches students how to invest in social and environmental...more

L'Oréal Commits €50m To New Impact Fund For Circular Economy
Foundation: National Philanthropic Trust

L'Oreal is making a big investment in the fight against climate change. The French cosmetics company has committed $50 million to the Circular Innovation Fund, which aims to invest in businesses...more

Baltimore City Doubles Incentive For First-Time Homebuyers To $10000

"To continue to grow our city and strengthen our economy, we must do everything in our power to prevent potential Baltimore homeowners from being squeezed out of the marketplace." So says...more

Social Value Act 'tipping Point' Has Been Reached

"We have reached some kind of tipping point in terms of awareness, understanding, and measurement," says Chris White, author of the Social Value Act that came into effect in England and Wales in...more

Major Investors Come On Board To Tackle Inequality Through Growth Impact Fund

In the US, less than 1% of venture capital goes to social entrepreneurs. In the UK, the figure is closer to 5%. Now two big players in the financial world are coming together to create a $25...more

Impact Investing: A New Relationship With The Startup Ecosystem

Lex Luther, aka LexCorp, first appeared in Superman comics in 1986, "a few years after Terminator's SkyNet entered the public consciousness," writes Martin Dean at SyndicateRooms.com. "That is to...more



Independence Matters, the largest council-owned community interest and day services company, celebrates the success of its new social enterprise model that boost its care and support services to more than 1,450 people across Norfolk.




Social Services Jobs in Iowa

  Program Director Jobs
  Fundraising & Development Jobs
  Executive Director Jobs
  Social Services Employment
  Education Jobs


Federal Government Grant and Assistance Programs


Real Estate Programs_Indian Lands | Alternative or Innovative Treatment Technology Research, Demonstration, Training, and Hazardous Subs | Mortgage Insurance_Hospitals | Mobilization For Health: National Prevention Partnership Awards | Affordable Care Act (ACA) Advanced Nursing Education Expansion Initiative | State and Tribal Response Program Grants | Fund for Rural America_Research, Education, and Extension Activities | Weather and Air Quality Research | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2022 Copyright Michael Saunders