Gov. Hogan Announces $10M Homeownership Pilot Program In Baltimore City, Dorchester County

BALTIMORE, Md. (WJZ) — Gov. Larry Hogan connected Wednesday announced a $10 cardinal aviator programme to make homeownership opportunities and revitalize neighborhoods successful Baltimore City and Cambridge.

The Homeownership Works (HOW) aviator programme volition rehab historical homes successful Johnston Square successful Baltimore City and a Cambridge vicinity to promote imaginable buyers. The locations for the programme were chosen truthful the programme could absorption connected concentrated areas successful 1 municipality assemblage and 1 agrarian community.

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The backing volition besides supply pro bono ineligible services for lower-income homeowners to lick rubric issues that restrict their quality to entree grants and loans

“Homeownership Works is simply a game-changing attack that volition service arsenic a nationalist champion signifier for assemblage renewal,” said Governor Hogan. “The programme volition revitalize neighborhoods to promote caller homeownership portion helping existing homeowners and creating healthier lodging markets.”

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The aviator programme volition besides assistance existing homeowners by providing location repairs and important facade improvements.

“Even if a location is historic, it needs to beryllium maintained, and lodging values successful galore older historical neighborhoods are declining owed to aging and the prevalence of vacant and deteriorated lodging stock, and the outgo to reconstruct oregon physique caller housing,” said Secretary Kenneth C. Holt of DHCD. “This new, targeted homeownership inaugural volition assistance capable that fiscal gap, creating caller affordable homeownership opportunities, helping existing homeowners, and stabilizing irreplaceable historical communities.”

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The governor’s bureau said much than 100 Maryland homeowners are expected to payment from caller affordable homeownership opportunities

CBS Baltimore Staff