Mayor Doubles Incentive for First-Time Homebuyers to $10,000
BALTIMORE, MD. (Wednesday, April 27, 2022) — Today, Mayor Brandon M. Scott announced that effective May 1, 2022, the City is increasing incentives for first-time homebuyers to $10,000 for eligible households. Additionally, qualified homebuyers purchasing homes in Impact Investment Areas will be eligible for $20,000 in first-time homebuyer incentives.
This is a part of the Mayor’s strategy to increase Baltimore’s population of middle-income families and central to the Scott Administration’s growth plan for 2030, which was created in response to declining population numbers – especially among middle-income Black homeowners.Read more