Buy Back the Block

Buy Back the Block is een subsidie voor huizenkopers in Baltimore, Maryland. Anti-displacement GRANT program for renters in Black-majority Baltimore neighborhoods. $15K purchase OR $20K purchase + renovation grant (no repayment). 12-month neighborhood residency requirement. Open to FTHB and repeat buyers. Funded by $3.06M ARPA allocation; administered by Live Baltimore. 120+ eligible neighborhoods as of 2025. Buy Back the Block (BBB) is a TRUE GRANT (no repayment) of $15,000 for home purchase, OR $20,000 for home purchase + renovation, awarded to qualifying long-term renters in historically Black-majority Baltimore neighborhoods who buy in those same neighborhoods - explicitly designed to prevent renter displacement and create generational wealth in disinvested Black communities. Funded with $3.06M of Baltimore City's $100M ARPA fiscal recovery allocation in November 2022. administered by Live Baltimore in partnership with Baltimore City DHCD. EXPANDED in 2024-2025 from initial 15 neighborhoods to 120+ Baltimore neighborhoods (designation by Baltimore Department of Planning based on Black-majority + middle-neighborhood / disinvestment criteria). As of April 2025, $750,000+ disbursed serving 60+ buyers. program stabilizing toward 270+ households over full ARPA period. Income cap ~$132,000 (per LendSquawk seed). max purchase price $667,000 (per seed. aligns with FHA Baltimore MSA loan limit). Must work with Live Baltimore-approved lender. Not FTHB-only. De financiering komt van Federal ARPA en Local Government.

Buy Back the Block is opgezet als subsidie, dus het wordt niet terugbetaald. Terugbetaling wordt in gang gezet door True grant - NO repayment, NO forgiveness schedule, NO recapture (subject to standard ARPA/grant rules and any city retention covenant if applicable - none currently disclosed). De voorwaarden voor kwijtschelding en terugbetaling worden door het programma vastgesteld en kunnen veranderen: controleer ze op de officiële pagina van het programma voordat je aanvraagt.

Buy Back the Block staat open voor huizenkopers die zelf in het huis gaan wonen als hoofdverblijf. Over krediet zegt het programma: No published BBB-specific minimum; first-mortgage lender's product minimums apply. Een cursus voor huizenkopers is verplicht, via Baltimore City-approved homeownership counseling agency. Buyer must complete pre-purchase counseling and obtain certificate. Woonplaatsvereiste: Must have lived in a grant-eligible neighborhood for at least 12 months prior to purchase agreement; must purchase within an eligible neighborhood. Staatsburgerschap of verblijfsstatus: Per first-mortgage product rules. RESIDENCY: Must currently live in a grant-eligible neighborhood AND have lived in that grant-eligible area for at least 12 months prior to entering purchase agreement. PURCHASE: Must purchase a home located within a grant-eligible neighborhood (does not need to be the same neighborhood, but must be on the eligible-neighborhood list - see Live Baltimore map). Owner-occupied primary residence. Must complete homeownership counseling with a Baltimore City-approved agency and obtain certificate. Must work with a Live Baltimore-approved lender. Income limit per Live Baltimore guidelines (~$132,000 household). Maximum purchase price ~$667,000 (FHA Baltimore MSA loan limit). Eligible to first-time and repeat buyers (program is designed for renters, not strictly FTHB).

Buy Back the Block beperkt het huishoudinkomen tot 120% van het mediaan inkomen in het gebied, dat verschilt per county en grootte van het huishouden. Household income limit per Live Baltimore BBB guidelines, approximately $132,000 (household, all earners). Verify current eligibility on Live Baltimore eligibility quiz. De grens geldt voor het totale huishoudinkomen, niet alleen voor dat van de lener. Cijfers over het mediaan inkomen in het gebied worden door HUD gepubliceerd en jaarlijks bijgewerkt, dus bekijk de actuele tabel voor de county voordat je op een bedrag vertrouwt.

Buy Back the Block stelt de koopprijs op maximaal $731,400. Toegestane woningtypen zijn onder meer Single-family detached, Townhome, Rowhouse, Condominium en 2-4 unit owner-occupied. Nieuwbouw is toegestaan. Prefab woningen zijn niet toegestaan.

Buy Back the Block is er voor huizenkopers die kopen in Baltimore, Maryland. Het programma richt zich op specifieke gebieden: RACIAL/GEOGRAPHIC ANTI-DISPLACEMENT TARGETING: Eligible neighborhoods are designated by Baltimore City Department of Planning based on historical Black-majority + middle-neighborhood / disinvestment criteria. Initial 15 neighborhoods (2022 launch) included Druid Heights, Penn North, Park Heights, Sandtown-Winchester, Reservoir Hill, etc. EXPANDED in 2024-2025 to 120+ neighborhoods covering broad swaths of West, East, and Northwest Baltimore. Buyer must currently live (12+ months) in an eligible neighborhood AND purchase within an eligible neighborhood. Live Baltimore publishes interactive eligibility map at livebaltimore.com/bbb/.

Aanvragen voor Buy Back the Block lopen via de instantie die het programma uitvoert, die de actuele voorwaarden en de stappen voor de aanvraag op de eigen site publiceert. Het geld wordt gereserveerd via Take Live Baltimore's BBB eligibility quiz at livebaltimore.com/bbb. Approved buyers work with Live Baltimore-approved lender; grant disbursed at closing. First-come, first-served while ARPA funds remain. Hey Prescott is geen kredietverstrekker en neemt geen aanvragen aan; deze pagina beschrijft het programma zodat een huizenkoper ermee naar een kredietverstrekker of woonadviseur kan gaan.