Home-purchase incentives available at 'Buying Into Baltimore' event

August 09, 2011|By Jamie Smith Hopkins, The Baltimore Sun

Homebuyers who attend a "Baltimore Into Baltimore" event next month could be eligible for $4,000 to $5,000 in incentives toward closing costs or downpayment.

Live Baltimore, a nonprofit that promotes Baltimore living, said Tuesday that people can begin registering for the event, to be held Sept. 10 from 8:30 a.m. to 2 p.m. at Mergenthaler Vocational-Technical High School, 3500 Hillen Road.

The event, which focuses on the eastern half of the city, includes classes, an exhibitor fair and neighborhood tours. Admission is $10.

Incentives will be handed out on a first-come, first-serve basis to participants who sign a contract on an eastern Baltimore home after the event and close within 90 days of it. The money comes in the form of a loan that converts into a grant over five years.

The larger award — $5,000 — is given to residents who buy a home designated by the city as a "Vacants to Value" property.

For more information, go to LiveBaltimore.com/bib.



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