Home
About Us
"To continue to grow our city and strengthen our economy, we must do everything in our power to prevent potential Baltimore homeowners from being squeezed out of the marketplace."
So says Baltimore Mayor Brandon Scott in announcing an increase in home-buying incentives for first-time homebuyers, the Baltimore Sun reports.
The incentive for first-time homebuyers who purchase a home in Baltimore's Impact Investment Areas will be increased from $5,000 to $10,000 starting May 1, 2022, with an additional $10,000 available for purchases in the city's Impact Investment Areas.
The incentives are available to households earning less than 80% of the area's median income, which is $55,950 for a household one, $63,950 for two, or $79,900 for four, per a press release.
"Home prices and mortgage rates continue to escalate.
This dynamic can cause housing affordability to sink for many first-time buyers," Scott says.
"To address these challenges and continue to grow our communities, we are boosting the assistance we offer to make buying a home more affordable."
The incentives are available through the Baltimore City Department of Housing & Community Development's First-Time Homebuyers Incentive Program, which is funded with Community Development Block Grant funds and offers down-payment help and closing cost support for first-time homebuyers. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Swiss Re is putting its money where its mouth is in Southeast Asia. The insurance giant is launching its Shine social entrepreneurship program in Indonesia, Malaysia, Singapore, and Thailand,...more
Foundation: Barberton Community Foundation
Kenneth Cox was running for mayor of Barberton, Ohio, in 2023, and when he saw a negative Facebook post about him, he decided to do something about it. "The residents of Barberton need a...more
There's a whole new industry emerging in women's health, or FemTech, and it's all about women's reproductive health. Companies are developing devices and apps that help women better understand...more
India's Rajiv Gandhi National Institute of Youth Development (RGNIYD) is known for its work with disadvantaged youth, and it's now offering master's and bachelor's degrees in fashion design, textile...more
PepsiCo has selected eight startups from the Middle East and North Africa region as finalists in its Mega Green Accelerator program, which aims to " nurture the next generation of innovators as they...more
Funding for green technologies is on the rise in India, and the country's biggest investment fund is aiming to raise $1 billion for a climate-related fund by 2022, Bloomberg reports. The fund,...more
Foundation: Oshkosh Area Community Foundation
A nurse in Fond du Lac, Wis., is this year's recipient of the DAISY Award, given to those who go "above and beyond" to provide excellent patient care. Haley Birschbach, a nurse in medical...more
It's time for the US to get serious about regulating artificial intelligence, according to a new report from a bipartisan group of senators. The report from the Bipartisan Senate AI Working...more
Rayees Rahman may not be a household name, but he's the winner of a prestigious life-sciences investment competition in the United Arab Emirates. The 21-year-old won the JP Morgan Asset...more
Foundation: GE Foundation
"You showed up in the classroom. You showed up in the laboratory. You showed up on Zoom. And you showed up here today," University of Massachusetts Amherst Chancellor Javier Reyes told...more
Social Entrepreneurship
Spotlight
Social Entrepreneurship: The Right Balance of Doing Good and Doing Well
Social entrepreneur and co-founder of nonprofit Jolkona, Adnan Mahmud, discusses his definition of a successful social entrepreneur. He describes the social entrepreneur as someone who has found the right balance between doing good while doing well.
