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$50K Grants Offered to Hopkins Hospital Area Home Buyers

Home buyers interested in getting a home in the area surrounding Johns Hopkins Hospital have 50,000 potential reasons to do so. That's because of a $50,000 grant being offered as part of the Eastside Early Home Buyers Grant Program (EEGP).

The grant may be applied toward the purchase of designated newly constructed or rehabilitated homes in the East Baltimore Development, Inc. (EBDI) footprint, the Townes at Eager, or the Green Rehab Homes.

Baltimore Community Lending is responsible for the program. According to the organization, the purpose of the EEGP grant is to generate a group of pioneering buyers to purchase homes in the new East Baltimore community by providing a financial incentive for prospective buyers of the designated new homes.

"This incentive is an awesome way to incent a Hopkins employee or someone who works closeby in the downtown area with a really affordable home purchase. We hope it serves to jumpstart home buying in the area and build on the positive work being done by EBDI. It is one of the more gracious incentives out there � no income restriction on the buyer and the funds are totally forgiven after 10 years," says Anna Custer, executive director of Live Baltimore, an organization dedicated to promoting Baltimore as a great place to live.

Source: Anna Custer
Writer: Walaika Haskins
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