Baltimore City Employee Homeownership Program (BCEHP)

Baltimore City Employee Homeownership Program (BCEHP) is a forgivable loan for homebuyers in Baltimore, Maryland, administered by Baltimore City Department of Housing & Community Development, Office of Homeownership. A $5,000 or $10,000 five-year forgivable loan toward down payment and closing costs for employees of Baltimore City and quasi-City agencies employed at least six months. Part of the Baltimore Homeownership Incentive Program (B-HiP). $5,000 or $10,000 forgivable loan. For City/quasi-City employees. Stackable with City and State incentives. Funding comes from Baltimore City.

Baltimore City Employee Homeownership Program (BCEHP) offers between $5,000 and $10,000 in assistance. Homebuyer contribution: Minimum $1,000 of the buyer's own funds. The program can be combined with Other Baltimore City B-HiP incentives and State (MMP) incentives. Amounts are the program's published maximums, not an offer — Baltimore City Department of Housing & Community Development, Office of Homeownership determines any individual award.

Baltimore City Employee Homeownership Program (BCEHP) is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Five-year forgivable loan reducing 20%/yr of owner-occupancy; full forgiveness after 5 years; repaid if sold or no longer primary before forgiveness. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Baltimore City Employee Homeownership Program (BCEHP) is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through City-approved counseling agency within one year before writing an offer. Residency requirement: Property must be in eligible areas of Baltimore City. Must provide title company EIN in Neighborly; checks issued 10-15 business days after approval.

Baltimore City Employee Homeownership Program (BCEHP) can be used for Single Family, Townhouse, Condo, and 2-4 Unit.

Baltimore City Employee Homeownership Program (BCEHP) is limited to employees of Full-time permanent employees of Baltimore City or quasi-City agencies (>=6 months). Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Baltimore City Employee Homeownership Program (BCEHP) serves homebuyers purchasing in Baltimore, Maryland.

Applications for Baltimore City Employee Homeownership Program (BCEHP) go through Baltimore City Department of Housing & Community Development, Office of Homeownership, which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-served via Neighborly; reserved 60 days; apply >=30 days before settlement. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.