University of Maryland, Baltimore Live Near Your Work (LNYW)

What is University of Maryland, Baltimore Live Near Your Work (LNYW)?

University of Maryland, Baltimore Live Near Your Work (LNYW) is a grant for homebuyers in Baltimore, Maryland, administered by University of Maryland, Baltimore Human Resources (with Baltimore City Office of Homeownership).

• Employer-assisted homeownership program providing $16,000 from UMB plus up to $2,500 from Baltimore City (up to $18,500) toward down payment and closing costs for UMB employees buying in targeted West Baltimore neighborhoods. Over 75 employees have benefited from more than $1 million in grants.
• Up to $18,500 toward down payment/closing costs.
• Supports purchase of homes needing major renovation.
• Funding comes from University of Maryland, Baltimore employer funds + Baltimore City match.

How much assistance does it provide?

University of Maryland, Baltimore Live Near Your Work (LNYW) offers up to $18,500 in assistance.

• Award tiers: UMB contributes $16,000 per eligible participant; Baltimore City matches up to $2,500.
• Buyer contribution: Homebuyer must contribute at least $1,000 toward the down payment.
• The program can be combined with Baltimore City LNYW match and additional non-UMB grant programs.
• Amounts are the program's published maximums, not an offer — University of Maryland, Baltimore Human Resources (with Baltimore City Office of Homeownership) determines any individual award.

Do you have to pay it back?

University of Maryland, Baltimore Live Near Your Work (LNYW) is structured as a grant, so it is not repaid.

• Repayment is triggered by Employee must occupy home as primary residence for 5 years from settlement.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

University of Maryland, Baltimore Live Near Your Work (LNYW) is open to buyers who will live in the home as their primary residence.

What kind of home can it be used for?

University of Maryland, Baltimore Live Near Your Work (LNYW) can be used for Single Family, Townhouse, and Condo.

• New construction is not eligible.
• Manufactured homes are not eligible.

Is there eligibility for specific groups?

University of Maryland, Baltimore Live Near Your Work (LNYW) is limited to employees of Regular full-time or part-time (50%+ FTE) faculty or staff of the University of Maryland, Baltimore in good standing.

• 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?

University of Maryland, Baltimore Live Near Your Work (LNYW) serves buyers purchasing in Baltimore, Maryland.

• The program targets specific areas: Targeted West Baltimore neighborhoods for revitalization.

How do you apply?

Applications for University of Maryland, Baltimore Live Near Your Work (LNYW) go through University of Maryland, Baltimore Human Resources (with Baltimore City 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 HUD-certified housing counselor; completed before signing a purchase contract.

2. 2

   Contact University of Maryland, Baltimore Human Resources (with Baltimore City Office of Homeownership) to reserve funds

   Funds are reserved through Application via UMB HR; City portion via Office of Homeownership, 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.