LAAP or Baltimore City Lead Abatement Action Project
If you are a property owner in Baltimore City looking to renovate rental or residential properties including removal of lead for safety reasons, you can reach out for assistance from this program. Cost of lead removal is covered in full to a maximum amount of $5000 per dwelling.
The main aim of this program is to provide low income families which have young children with lead safe housing. In order to benefit from this option it is necessary for landlords to keep rents low and affordable for middle and low income tenants for at least five years.
Work scope will be developed by LAAP depending on the house condition including cleaning treatments, exterior, paint, wall, trim, door, floor and window.
Scheme details can be found at www.leadsafe.org or www.baltimorehealth.org
CHAP or City Housing Assistance Program
Properties occupied by owners can opt for a loan of up to $20,000 from Baltimore Housing Office of Rehabilitation, which is offered at a rate of interest that is even lower than the market. Depending on your level of income, rates of interest varies between 0% and 6% for a term of ten to twenty years.
Collective income in the household must be at least 80% lesser than the median income level specified by Baltimore City. Loan is offered for up to two dwellings including condominiums and must be owner occupied. Loan amount usually includes the closing costs and application fees.
More details can be found at www.baltimorehousing.org/ps_rehab.asp
Deferred Loan Program
If you come under the very low income category and own a home that needs repair and rehabilitation on an urgent basis, you can opt for the deferred loan to a maximum of $10,000 offered by Housing Office of Rehabilitation in Baltimore at 3% rate of interest. There is no requirement for monthly repayment. Repayment is only when the property is sold or transferred.
In order to be eligible for this loan, the combined median household income must be below 50% of the median income level in Baltimore City. Home must be owner occupied and can be two dwelling units including a condominium. Repair work can include facilities for the handicapped and elderly.
For more information on this scheme, visit www.baltimorehousing.org/ps_rehab.asp
Loan for Home Renovation
Eligibility for this home renovation loan includes not living on a target block but living within the Healthy Neighborhood boundary. Loan amount offered is between $5000 and $40,000.
This loan is offered at a fixed rate of 1% lower than the prime interest rate for a maximum term of ten years. The loan does not require investment from owners.
Detailed information can be found at www.healthyneighborhoods.org
Refinance and Renovate Loan
Homeowners living within limits of Healthy Neighborhood on a target block are eligible for this program which refinances your loan and offers renovation assistance. Loan amount offered is up to 120% of your home's rehabilitated value at a 1% lesser than 60 day rate of Fannie Mae for a 30 year term. Architect consultations are offered to buyers for free. Buyers also need not take private mortgage insurance.
Details can be found at www.healthyneighborhoods.org
HUD 203K Rehabilitation Loan Program
This is a program that offers rehabilitation loan for a single family home owner. This loan is offered at a fixed rate for a long term both towards property rehabilitation and towards acquisition.
Loan amount depends on property value and work to be done. No luxury items are included in the scheme.
For more details on this loan program, visit www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm
Lead Elimination Action Project (LEAP)
Enrolled properties that meet the standards for risk reduction are eligible for a loan for clearance testing and windows replacement. There is no option of cash assistance as this is a grant program. The program conducts free clearance and windows testing.
All landlords, home owners and tenants are eligible. Work scope can be developed after property is accepted into the program. Initial part of the work must be done by the owner of the property. They must meet standards of risk reduction by removing peeling paint, flaking or chipping. Owners must also ensure any structural problems leading to paint flaking are corrected, floors are cleanable and smooth and doors do not rub and damage surfaces painted with lead.
After completing the above mentioned tasks, homes are subjected to dust clearance testing and installed with new windows. www.leadsafe.org gives you detailed information on this program.
Maryland Housing Rehabilitation Program (MHRP)
This program is geared towards correcting any system deficiencies and violations of health safety and is a state wide program. It offers loans for rehabilitation below market rate. Deficiencies in systems are addressed through this program including water heaters, boilers, furnace and HVAC in owner occupied properties.
Eligible households can receive a loan amount of up to 95% of the value of their property under this scheme at rates of interest that vary between 0% and 7% based on levels of income.
Loans are offered for a period of up to 20 years. For households below the 50% state median income, deferred payments are allowed. Closing costs and application fee are included in the loan amount. Households earning below 80% of the median income level are eligible for this scheme. Homes must not be more than 4 dwelling units and owners must be in a position to assume new debt and must have title to property.
Further information can be found at www.baltimorehousing.org/ps_rehab.asp
Grant Program for Lead Hazard Reduction in Maryland
Loans and grants are provided to landlords and owners of homes to eliminate lead from their property and enhancing safety.
Grants can be up to $15,000 per dwelling unit depending on the repayment ability and income of the applicant. Both rented properties as well as primary owners are eligible for this program which does not require any income limits. It is important to address all lead safety related issues in the work plan. Details of this program can be found at - www.leadsafe.org or www.dhcd.state.md.us/Website/programs/lhrglp/lhrglp.aspx
SCOPE / Project 5000
This project aims at offering responsible buyers access to city properties that are under utilized by placing them in the open market. City identifies the properties and realtors list them in multiple listing services state wide. Those who buy these properties must have the capacity to redevelop the same.
Website: www.baltimorehousing.org/ps_developers_scope.asp provides you with more details on this scheme.
Senior Roof Repair Program
Home owners 62 and above are provided loans by the Baltimore Housing Office of Rehabilitation for repair of their roofing systems. After five years of owner occupancy, the loan is forgiven. This is exclusively offered for those whose earning does not exceed above 50% of the median income level.
Homes must not be more than two dwelling units and must be owner occupied. A homeowner's insurance is a must and the loan includes closing costs and application fee.
Contact us to learn more about these programs.
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