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 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.

Accelerating Government Efficiency through Advanced Technologies and Innovation

When it comes to getting a driver's license in the US, there's a lot of red tape. In fact, more than half of the country's DMV offices are still manual, according to a new report from the...more

7.4 Representative Jennifer Mcclellan Talks Climate Resilience and Environmental Justice ...

Virginia Rep. Jennifer McClellan is the first black woman elected to Congress from her home state, and she's also the first black woman to represent it in the House of Representatives. But...more

Editorial: Regional Projects Show Benefits of State Grant Money
Foundation: Lilly Endowment

Indiana is adding $500 million to its coffers and the Lilly Endowment is throwing in $250 million for community and economic development programs designed by communities themselves, the Columbus...more

Nonprofit Mission Statements: 30 Examples of Brands Who Are Crushing It [Infographic]

If you're in the market for a new website, you might want to check out this list of 30 nonprofit mission statements, rounded up by Nonprofit World. They're great if you're in the market for a new...more

How Reading The Morning Paper Inspired an Alumnus' Mission to Shape Ethical Leadership

"One day, he decided to do something about it." That's how Steve Bachand describes his $5 million donation to the University of Virginia's Darden School of Business, which will create the Stephen...more

Women'S Fund of Greater Milwaukee

"We are part of a global women's movement, and our effort is really directed towards the barriers that stand in the way for women in every aspect of their lives," Lisa Attonito, executive director...more

Unc Collaborates on Regional Nsf-Funded Initiative on Climate Resilience

"In 10 years, the CO-WY Engine will generate significant economic impact for our region, including new climate technology-related jobs, $1.5 billion in regional impact, more than $1 billion in...more

Adapting to a Warmer World: How Ski Resorts Are Thriving With Innovative Strategies

A Utah ski resort is the first in the world to have installed a snow-making system that uses a mineral called feldspar, which is "very abundant and efficient" because of its ability to cause water...more

Invest in Climate-Smart Agriculture to Combat Malnutrition in Uganda

The people of the Democratic Republic of Congo's Bunyoro region are among the world's most vulnerable to the effects of climate change, especially when it comes to food security and nutrition, the...more

Apple'S Cook Tells China Forum Ai Is Key for Climate Battle

"We are making great progress, we are not there yet, and the road ahead requires more innovation," Tim Cook said Sunday during the China Development Forum in Beijing. The Apple CEO was there as...more


Here are the star companies that have succeeded in their corporate social responsibility (CSR) programs. The companies were gathered by Civic 50, a national initiative to survey and rank S&P 500 corporations on how they engage with the communities they serve and utilize best practices in their corporate cultures.




Nonprofit Jobs

  Foundation Related Jobs
  Fundraising & Development Jobs
  Fundraising & Development Jobs
  Substance Abuse Jobs
  Executive Director Jobs


Federal Government Grant and Assistance Programs


Poultry Loss Contract Grant Assistance Program | Quentin N. Burdick Program for Rural Interdisciplinary Training | Morris K. Udall Scholarship Program | University Coal Research | International Education_Technological Innovation and Cooperation for Foreign Information Access | State Partnership Grant Program to Improve Minority Health | State Justice Statistics Program for Statistical Analysis Centers | Rapid Expansion of Antiretroviral Therapy Programs for HIV-Infected Persons in Selected Countries in | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders