
Funding Opportunities (as of April 2011)
PURCHASE REHAB LOANS
The purchase and rehab
loan is available for eligible borrowers purchasing a
home on a target block within a Healthy Neighborhood. (Limited Funds Available)
Eligible Borrowers must also use this loan to make improvements to the property in conjunction with the purchase. The loan carries a fixed interest rate that's always 1% below the 60-day Fannie Mae rate but in no event less than 4%. After contributing 3% of the purchase price from their own funds, buyers may borrow the balance of funds needed to buy and renovate the home, as much as 120% of the after-rehabilitation appraisal of the property.
$3000 HEALTHY NEIGHBORHOOD BLOCK GRANTS
If you live on a HNI Target Block, your block is eligible to receive up to $3000 to increase its curb appeal. To apply, check the HNI Target Block List to make sure you live on an eligible block (www.healthyneighborhoods.org). Then:
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Recently Completed Block Projects New Stain Glass Window Installation: Auchentoroly Terrace Association New Front porch lights, address plaques, porch lighting & new plantings: Whittier-Monroe Neighborhood Association New Address plaques, mailboxes, window flower boxes, flowers & solar lamp post installation: Parkway Community Association |

Greater Mondawmin Neighborhood Associations & Presidents
Auchentoroly Terrace
(Barbara Anderson-Dandy)
410.669.0035
Fulton Heights
(Henry Kenney)
410.462.1347
Liberty Square
(Selwyn Shields)
410.728.5446
Mondawmin Neighborhood
(Sandra Almond-Cooper)
410.383.0096
Panway
(Wanda Freeland)
410.383.9532
Parkway
(Connie Smith)
410.225.7273
Robert W. Coleman
(Adeline Hutchinson)
410.669.0063
Whittier-Monroe
(Jackie Caldwell)
410.728.2046
Woodbrook
(Stan Mosley)
410.523.6735