GMCC Healthy Neighborhoods meeting
Healthy Neighborhoods

Healthy Neighborhoods

healthyneighborhoods.org/our-loans

Healthy Neighborhoods helps strong but undervalued Baltimore neighborhoods increase home values, market their communities, create high standards for property improvements, and forge strong connections among neighbors. As a Healthy Neighborhood, Greater Mondawmin residents and homeowners are eligible for special grants and loans:

Purchase and Renovation Loan:

To acquire and rehab a home located on a target block with no maximum loan amount, 3% down , no mortgage insurance required, 4% interest rate, free consultation with in-house architect. You can borrow up to 110% or the post-rehab value. Limited to target blocks.

Refinance and Renovation Loan:

Borrow up to 110% of after-rehab value, no private mortgage insurance, 4% interest rate, 2 points required as loan origination fee, and free design advice. Limited to target blocks.

Home Improvement Loan:

Borrow between $5,000 and $20,000, 4% interest rate, free consultation with an architect, eligible for any home in the target neighborhood, not limited to target blocks.

Matching Grants:

All recipients of Healthy Neighborhoods loans may be eligible for a Matching Grant. Qualified buyers will receive up to $10,000 to complete a renovation project.​

Limited Funds for Purchase Only

Interested in a home in one of Baltimore’s Healthy Neighborhoods that doesn’t require renovation to achieve a move-in condition? $3 million is available to assist those who are looking to purchase without renovations.

Click here to like Healthy Neighborhoods Mondawmin on Facebook

facebook.com/HealthyNeighborhoodsGreaterMondawmin


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Live Baltimore

Live Baltimore helps people find their home in Baltimore. They gather resources, simplify information, research money-saving incentives, and offer firsthand knowledge about the city with the goal of cultivating and maintaining thriving neighborhoods. Click here to learn more:

livebaltimore.com