We are pleased to announce that as of September 21, 2016 additional funds have been made available to support the Baltimore Homeownership Incentive Program (B-HiP), including the Vacants to Value Booster Program. We are now accepting applications from buyers purchasing a home that qualifies for the Vacants to Value Booster incentive program. For more information, and to submit your application, contact Michael Guye, Director of Homeownership at 410-396-3124 or Michael.Guye@baltimorecity.gov.
Over 360 home buyers have benefited from $10,000 in down payment and closing cost assistance when buying a formerly vacant, renovated house. You could be next! Home buyers can use 203K loans to build renovations into their mortgage. Many homes are already beautifully renovated by Vacants to Value developers in growing neighborhood markets.
Please note: The eligibility guidelines for this program have been modified recently. A house is eligible for this program only if it was subject to a Vacant Building Notice for a year or more prior to its rehabilitation for sale to a home buyer. You can find more information about this change here.
View samples of houses that have been pre-qualified for this incentive here. For more information, contact Michael Guye, Director of Homeownership at 410-396-3124 or Michael.Guye@baltimorecity.gov.
Baltimore City’s Vacants to Value (V2V) Program offers several options for buyers wishing to purchase a home in the City. There are formerly vacant, fully rehabbed properties for sale, or you may wish to buy a currently vacant home and complete the renovation yourself. The rehabbed properties qualify for a $10,000 down payment incentive, and may qualify for other programs as well.
Visit the Baltimore Housing website for more details.