Ramblings of a Baltimore area Realtor: Community Development Block Grant Homeownership Assistance Program

Community Development Block Grant Homeownership Assistance Program

Community Development Block Grant Homeownership Assistance Program

CDBG's Homeownership Assistance Program can give qualified first time homebuyers $5,000 toward downpayment and settlement expenses

First time homebuyers with a counseling certificate from a City approved Counseling Agency, upon receiving a counseling certificate, the borrow can then find a property and sign a contract to purchase. Once executing a contract, the borrower must bring that contract back to the counseling agency to have the CDBG program application completed.  The property must be inspected utilizing an HQS inspection conducted by a certified lead abatement inspector.  Please be absolutely certain there there is no peeling, flaking, chipping paint inside or outside the purchased property.  If there is, it must be tested for lead and if necessary, abated, prior to closing.  

Additionally, if you qualify for other mortgage incentive programs, you can "stack" these inentives to pay all of your closing cost expenses and may have enough residual to reduce your mortgage principal.  I have personally witnessed homebuyers "stacking" morethan $30,000 in incentive funds.

This incentive is for $5,000 structured as a 5 year forgivable 20 percent per year.  

The funding source for the Homeownership Assistance Program have 80% median income limitations.  You must be within the income limitations to qualify for this program.  A minimum of $1,000 down must come directly from the purchaser.  All homes must be purchased in Baltimore City.  Currently, income limitations per household are as follows:

1 Person - $46,100

2 People - $52,650

3 People - $59,250

4 People - $65,800

5 People - $71,100

6 People - $76,350

7 People - $81,600

8 People - $86,900


If you are thinking of buying or selling a home in  Maryland give us a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling.  If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into today's market. Houwzer and I are connected with some of the brightest and best real estate agents in the world and can assist with your move here in Maryland or anywhere in the United States or abroad.  Ask me how.

During these trying times, Houwzer and I are equipped with the latest technology to sell your home using Virtual Open Houses, Virtual showings, electronic signing, virtual inspection, and even online closings.   You can reach out to me through Snapchat, Duo, Skype, Google Hangouts, What's App, text messaging, or simply by phone.  We take your and your family's health and safety very seriously.  

June Piper-Brandon ~ Associate Broker ~ CDPE, CIAS, ePro, MRP

Houwzer Inc.

410-292-0100 - Direct   410-559-0155 Office

City Living Expert







June Piper Brandon - Agent with Century 21 New Millennium

June Piper Brandon - Agent with Century 21 New Millennium

Comment balloon 1 commentJune Piper-Brandon • April 10 2016 06:40PM


any grants or programs to help people become homeowners would get my full support.  I think programs like this are great for the economy but also great for family finances.

Posted by Robert May, Real estate consulting (Robert W May - Lethbridge Real Estate) over 4 years ago

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