There are just too many incentives to pass up a home with North Calvert Green! With over $35,000 in grants, they're practically giving these homes away. Like most, I went into the process with some skepticism, but all of the available credits were afforded to me, and my mortgage is the same price as my rental! It is definitely a once in a generation opportunity, and five years from now when Barclay is a beautiful thriving neighborhood, many may kick themselves that they had the chance to take advantage of a great investment.
- Ian, Barclay Homeowner
Vacants to Value
North Calvert Green Townhomes may qualify for the Vacants to Value program when funds are available, which may provide the homeowner with up to $10,000 in downpayment and closing cost assistance.
Healthy NEighborhoods Loan
This is a special program for purchasers of already renovated homes from developers approved by Healthy Neighborhoods.
Eligible homes are formerly vacant homes on target blocks developed by Healthy Neighborhoods approved developers. There is no renovation work required. This loan is for purchase only. The interest rate will be fixed at 1% below the 60-day Fannie Mae rate but never less than 4%. The term is 30 years. The loan requires no private mortgage insurance.
For full terms of this loan, see Healthy Neighborhoods' website here.
NEWLY CONSTRUCTED DWELLING TAX CREDIT
The North Calvert Green Townhomes qualify for the Newly Constructed Dwelling Tax Credit. This incentive provides a 5 year reduction in assessment increase due to the rehab of the property. The credit reduces from a 50% credit in the first year to a 10% credit in the fifth year. More information here.
JOHNS HOPKINS LIVE NEAR YOUR WORK PROGRAM
John's Hopkins Employees - You may qualify for up to $23,000 in grants by purchasing a North Calvert Green Townhome. More information here.
sTATION NORTH ARTS AND ENTERTAINMENT DISTRICTS TAX CREDITS
Artists - You may receive a 10-year property tax credit by providing live-work space for artists and/or space for arts and entertainment enterprises. More information here.