Author: VPR Network

HUD – Brownfields Economic Development Initiative

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The U.S. Department of Housing and Urban Development created the Brownfields Economic Development Initiative.  The program aims to help cities redevelop of vacant commercial and industrial facilities where redevelopment is burdened by actual or potential environmental contamination.  Private sector groups and local governments will use these funds to begin or continue redevelopment on brownfields site. 
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Baltimore City Live Near Your Work

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The City of Baltimore and participating employers have partnered to encourage homeownership near areas of employment.  Employees of the participating employers are eligible for the benefits of this program, which are as follows: $2,000 minimum grant or conditional grant ($1,000 from the employer, and $1,000 from the City of Blacksburg) for the down payment and
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Baltimore – Community Development Block Grant Program’s First Time Homebuyer Program

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Baltimore’s Office of Homeownership established the First Time Homebuyer Program.  The program aims to aid first time homeowners by providing qualified individuals with $5,000 toward down payment and settlement expenses structured as a 5-year loan forgivable 20 percent per year.  Those who are eligible are identified as “first-time homebuyers with a counseling certificate from a
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Baltimore Housing Program Offers Incentive to Buyers of Vacant Properties

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Announced on June 30, 2011, Baltimore’s housing department will offer $10,000 to each of the first 50 buyers of vacant, rehabilitated homes.  Homeowners qualify by purchasing a vacant home with a rehab loan such as a 203(k) or by finding a recently rehabbed home that the city considers a Vacants to Value property.  The incentive money
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Affordable Housing Program Grant Awarded to Residential Rehabilitation Efforts

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In Jackson, Mississippi, BancorpSouth and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded the Voice of Calvary Ministries, Inc. (VOCM) with a $280,000 grant to further empower the VOCM’s Dream Builders Program.  The grant will help the Dream Builders Program rehabilitate 28 foreclosed or vacant homes and resell them to income-qualified homebuyers.  Low-
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