Baltimore City Employee Homeownership Program (BCEHP)

What is 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.

How much assistance does it provide?

Baltimore City Employee Homeownership Program (BCEHP) offers between $5,000 and $10,000 in assistance.

• Buyer 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.

Do you have to pay it back?

Baltimore City Employee Homeownership Program (BCEHP) is forgiven after 5 years, so a buyer 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.

Who qualifies?

Baltimore City Employee Homeownership Program (BCEHP) is open to buyers who will live in the home as their primary residence.

What kind of home can it be used for?

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

Is there eligibility for specific groups?

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.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through City-approved counseling agency within one year before writing an offer.

2. 2

   Contact Baltimore City Department of Housing & Community Development, Office of Homeownership to reserve funds

   Funds are reserved through First-come, first-served via Neighborly; reserved 60 days; apply >=30 days before settlement, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.