The University of Maryland, Baltimore (UMB) is launching its improved Live Near Your Work (LNYW) Program, which offers homebuying assistance to UMB employees while showing the University’s commitment to the community, with an informational kickoff event Thursday, Jan. 11, at 3 p.m. at the SMC Campus Center, Elm Ballroom A.
The LNYW Program is designed to open the door to homeownership and stabilize and revitalize targeted Southwest Baltimore neighborhoods, offering eligible UMB faculty and staff $16,000 in grants to use toward the down payment and closing costs for the purchase of homes in Barre Circle, Franklin Square, Hollins Market, Mount Clare, Pigtown/Washington Village, Poppleton, and Union Square. In addition, participants may be eligible to receive a matching grant of up to $2,500 from the city of Baltimore, and they may qualify for additional grants from programs outside of the University.
Purchasing a home in a qualifying neighborhood allows UMB employees to become involved in active and ever-growing communities; shorten lengthy commutes to work; live within walking distance of restaurants, stores, stadiums, and cultural centers; and choose from a variety of housing types, ranging from historic rowhouses to newly constructed condos.
To qualify, you must be a regular full- or part-time (50 percent FTE or more) faculty or staff employee who is in good standing, complete a homebuying counseling program, demonstrate creditworthiness, and contribute a minimum of $1,000 to the down payment.
You can find application instructions, program parameters, employee testimonials, neighborhood information, and more at the Live Near Your Work website. Applications open Jan. 29. Here is a list of upcoming events.
Thursday, Jan. 11, 3 p.m. to 5 p.m., SMC Campus Center, Elm Ballroom A
This forum will provide an overview of the program’s parameters and qualification requirements and offer information about homebuying incentives from a panel of UMB officials and community partner organizations. Featured speakers include UMB President Jay A. Perman, MD, and Chief Business and Finance Officer and Vice President Dawn M. Rhodes, MBA.
The panelists include Emily Kordish, LNYW Program coordinator, UMB Human Resource Services; Matthew Gregory, GO Northwest Housing Resource Center; Liz Koontz, Live Baltimore; and Michael Seipp, Southwest Partnership. In addition, information tables will be set up for more one-on-one discussion with Human Resources staff and community partner representatives. The kickoff event will feature light refreshments. To register for the event, click here.
Saturday, Jan. 20, 9 a.m. to 3 p.m. SMC Campus Center, Room 351
Saturday, Feb. 3, 9 a.m. to 3 p.m., SMC Campus Center, Room 351
Completing a homebuying workshop is the first of a two-step process toward earning a homeownership counseling certificate, which is required to qualify for the LNYW grants. The second step requires a private homeownership counseling session, which you can sign up for during this workshop, hosted by GO Northwest Housing Resource Center. Learn more about the counseling here. Register for one of these homebuying sessions here. Employees only need to attend one session.
Live Baltimore Trolley Tour
Saturday, Jan. 27, 8:30 a.m. to 1 p.m.
Starting at the SMC Campus Center and hosted by Live Baltimore, this narrated bus tour will take participants around local neighborhoods, including the ones that qualify for the LNYW Program. UMB employees can get a free ticket to this tour by registering and using the promo code umb1807. You can register for the tour here.
By attending the tour, you will have a chance to become eligible for a $5,000 grant toward the purchase of a home in the city through Live Baltimore’s Buying Into Baltimore incentive. Learn more about this incentive here and read a list of frequently asked questions.
Live Baltimore Education Sessions
Starting in March, Live Baltimore will be providing on-campus education sessions about homebuying incentives, living in the city of Baltimore, and more. Included in the schedule will be opportunities to meet one-on-one with Live Baltimore staff in an effort to customize the available homeownership programs to the buyer’s needs. Group sessions will offer a high-level overview of the homeownership programs and incentives available through the city of Baltimore and the state of Maryland. A schedule and more information on these sessions will be available in the coming weeks.
Go to the LNYW website for application instructions.
— Lou Cortina