Are you a first-time homebuyer in Baltimore County looking for special programs or incentives to make your purchase more affordable? You're in luck! Baltimore County offers a variety of programs and incentives to help make homeownership more accessible. The Settlement Cost Loan Program (SELP) is designed to assist first-time homebuyers with low and moderate incomes. This program can help reduce closing costs and increase the down payment, making it easier to purchase a home. The Homeowners Office also offers a range of incentives for those buying in Baltimore City.
The Live Close to Your Work program is a partnership between LifeBridge Health and Baltimore County. This program encourages homeownership and helps maintain strong neighborhoods in Baltimore County communities near Northwest and Sinai hospitals. Employees of LifeBridge who purchase housing in these areas are eligible for this program. If you're a Baltimore County homeowner struggling to pay your mortgage or other housing expenses, you may be eligible for the Maryland Homeowners Assistance Fund.
This fund provides financial assistance to those in need. The Boost Loan Fund program is designed to provide access to capital for specific businesses, including small businesses owned by minorities, women, and veterans in the Baltimore metropolitan area. Private sector funding is leveraged with Baltimore County's flexible and deficit finance programs to help businesses expand and grow. Baltimore County also offers a variety of direct funding programs and tax credits to encourage investment and job creation in the county.
The program provides federal tax incentives for investments in real estate projects and for commercial operations in designated communities. The property must present a lead-based paint risk, which will be determined by a qualified Baltimore County lead risk evaluator. Baltimore County is also a foreign trade zone (FTZ) designated for companies involved in international trade. The Ambrose Housing Aid Center provides free homebuyer education (workshops), homebuyer counseling, financial education counseling, foreclosure counseling, and legal assistance to low-income residents and older people in Baltimore County.
Incentives and Programs for Homebuyers in Baltimore County: A Comprehensive Guide
Are you looking to buy a home in Baltimore County but don't know where to start? You're not alone! With so many incentives and programs available, it can be difficult to know which ones are right for you. Fortunately, this guide will provide an overview of the various incentives and programs available to homebuyers in Baltimore County. The Settlement Cost Loan Program (SELP) is designed to assist first-time homebuyers with low and moderate incomes.The Homeowners Office also offers a range of incentives for those buying in Baltimore City. The Live Close to Your Work program is a partnership between LifeBridge Health and Baltimore County. Employees of LifeBridge who purchase housing in these areas are eligible for this program. If you're a Baltimore County homeowner struggling to pay your mortgage or other housing expenses, you may be eligible for the Maryland Homeowners Assistance Fund. This fund provides financial assistance to those in need. The Boost Loan Fund program is designed to provide access to capital for specific businesses, including small businesses owned by minorities, women, and veterans in the Baltimore metropolitan area. Private sector funding is leveraged with Baltimore County's flexible and deficit finance programs to help businesses expand and grow. Baltimore County also offers a variety of direct funding programs and tax credits to encourage investment and job creation in the county.
The Ambrose Housing Aid Center provides free homebuyer education (workshops), homebuyer counseling, financial education counseling, foreclosure counseling, and legal assistance to low-income residents and older people in Baltimore County.
