Baybrook Boost

Baybrook Boost is a forgivable loan for homebuyers in Baltimore, Maryland. Brooklyn/Curtis Bay (Baybrook) DPA: $10,000 forgivable second + $5,000 Live Near Your Park bonus = up to $15,000. 5-year forgivable, 0%, 80% AMI, FTHB and repeat buyers, Baltimore City Baybrook only. Administered by Greater Baybrook Alliance. $10,000 forgivable second mortgage for buyers purchasing in the Brooklyn or Curtis Bay neighborhoods of Baltimore City (the 'Baybrook' area, south of the Patapsco). PLUS additional $5,000 'Live Near Your Park' incentive available for eligible properties on or directly adjacent to a public park / green space (combined Baybrook Boost up to $15,000). Funds may be used toward down payment, closing costs, principal reduction, or rehabilitation. 0% interest, 5-year forgivable retention period (forgiven 20%/year). 80% AMI household income cap. Open to first-time AND repeat buyers. Owner-occupied primary residence. Buyer must contribute $1,000+ of own funds. Homeownership counseling certificate from city-approved agency required. Administered by Greater Baybrook Alliance (GBA) in partnership with Live Baltimore and Baltimore City DHCD. Funded through state Baltimore Regional Neighborhood Initiative (BRNI), GBA foundation funding, and other community-development sources. Funding comes from State, Foundation, and Local Government.

Baybrook Boost is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by 5-year forgiveness (20%/year). Prorated unforgiven balance due on sale/transfer/cash-out refi/non-owner-occupancy within 5 years. The assistance is recorded in 2 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Baybrook Boost is open to homebuyers who will live in the home as their primary residence. On credit, the program states: No GBA-published minimum; first-mortgage lender's product minimums apply. A homebuyer education course is required, through Baltimore City-approved homeownership counseling agencies (NHS, Druid Heights, Belair-Edison, Southeast CDC, GO Northwest). Residency requirement: Property must be in Brooklyn or Curtis Bay neighborhood and serve as primary residence. Citizenship or immigration status: Per first-mortgage product rules. Property must be located in the Brooklyn or Curtis Bay neighborhood of Baltimore City. 80% AMI household income cap (income range $68,450-$129,050 per seed). Owner-occupied primary residence. $1,000+ buyer contribution. Homeownership counseling certificate from city-approved agency required. 5-year retention (forgiven 20%/year). Live Near Your Park bonus ($5,000) requires eligible property to be on or adjacent to qualifying public park or green space. FTHB and repeat buyers eligible.

Baybrook Boost limits household income to 100% of the area median income, which varies by county and household size. Household income at or below 80% AMI for Baltimore HMFA. ~$68,450 (1-person) to $129,050 (8-person) per seed. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Baybrook Boost caps the purchase price as follows: No GBA-published purchase-price ceiling; subject to first-mortgage limits. Eligible property types include Single-family detached, Rowhouse, Townhome, and Condominium. New construction is eligible. Manufactured homes are not eligible.

Baybrook Boost serves homebuyers purchasing in Baltimore, Maryland. The program targets specific areas: TARGETED NEIGHBORHOODS: Brooklyn and Curtis Bay (Baybrook area) of Baltimore City. Live Near Your Park bonus tier targets properties on/adjacent to public parks (Filbert Street Garden, Curtis Bay Park, Garrett Park, etc.).

Applications for Baybrook Boost go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply through Greater Baybrook Alliance / Live Baltimore. Pre-approval required before closing. 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.