GMCC Healthy Neighborhoods meeting
Healthy Neighborhoods

Healthy Neighborhoods

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

Live Baltimore logo

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: