Alliance holding fair for seekers of homes, studios

Real Estate Watch

November 09, 1997

The Fells Point Creative Alliance, a nonprofit organization, will hold the Artist Housing and Studio Fair today to introduce low- and moderate-income people to organizations that can help them buy houses and studio space in Southeast Baltimore.

"Baltimore is a good place for artwork," said Megan Hamilton, program director for the Fells Point Creative Alliance. "People who make an annual income of $15,000 are eligible for mortgages as low as 6.75 percent."

Hamilton said the fair is an opportunity for first-time homebuyers to learn about the mortgage process. "Because it's a nonprofit event, people will get safe advice. People won't get into a mortgage they can't handle," Hamilton said.

From noon to 4 p.m., representatives at the fair will explain how to apply for low-interest loans, finance settlement of homes and property, and assist in strengthening credit histories.

Associates from Patterson Park Neighborhoods Initiative, Southeast Development Initiative and the Fayette Street Community Development Corp. will guide prospective homebuyers through the process of purchasing a home.

The fair will also offer tours for prospective renters.

"The idea is for prospective renters to meet and talk with current renters to get an idea of the different flavors of these communities," Hamilton said.

fTC The fair is free to the public and will be held at The Lodge, 244 S. Highland Ave.

For more information, call 410-276-1651.

Pub Date: 11/09/97

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