Vacants to Value Booster

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Vacants to Value Booster

The Vacants to Value Booster program is available for properties that have been issued a vacant building notice for at least one year prior to undergoing rehabilitation by a developer or being sold to a homebuyer with the intent of utilizing a rehabilitation loan for renovation purposes.

Eligibility Requirements 

  • The property must be the homeowner’s primary residence
  • The homeowner must receive a homeownership counseling certification prior to making an offer to buy the property
  • The homeowner must contribute a minimum of $1,000 of their own funds to the purchase of the property¬†
  • The mortgage must be a fixed-rate mortgage
  • The mortgage amount cannot exceed the current FHA mortgage limit of $517,500
  • The homeowner must apply and be approved prior to closing on your home

Contact Information

Baltimore City Department of Housing and Community Development, Office of Housing and Homeownership
(410) 396-4160
Website

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