Middle-income people hoping to buy a new house or condominium in Owings Mills New Town, a 5,500-unit development now under construction, will be eligible for help with their down payment and closing costs, probably starting in August.
The cash, up to $15,000 per buyer, will come from $300,000 donated by the developers, Ahmanson Developments Inc., and $150,000 in federal block grant money contributed by the Baltimore County government. The County Council is expect
ed to vote its approval of the county contribution Monday night.
The money is being administered by the Enterprise Social Investment Corp. of Columbia, a subsidiary of the Enterprise Foundation, according to Jesse Chancellor, the fund's loan and development officer. The Enterprise Foundation is a non-profit group dedicated to providing housing for low- and moderate-income people.