City’s Buy Back the Block Grant Program Includes Some UMB Live Near Your Work Neighborhoods
November 13, 2024The Buy Back the Block (BBB) home purchase grant program provides grants to Baltimore residents who rent and purchase within the grant-eligible area of the city. Grants of $10,000 for home purchasing and $20,000 for home purchasing and renovations are available to homebuyers in eligible neighborhoods. Administered through Live Baltimore, the grants are not required to be repaid.
Many of the BBB-eligible neighborhoods are also part of the University of Maryland, Baltimore’s (UMB) Live Near Your Work (LNYW) program, a homebuying assistance benefit for University employees that contributes $16,000 per eligible participant toward the down payment and closing costs of homes in select West Baltimore neighborhoods. Baltimore City contributes an additional $2,500 for a total of $18,500 toward a home purchase downpayment through the LNYW program. BBB grants can be layered with the UMB LNYW grant and other homebuying incentives.
Not all neighborhoods qualify for the BBB grants. Visit the LNYW website for neighborhood eligibility or email LNYW@umaryland.edu with questions or to start a UMB LNYW application.
For eligibility and to apply for the BBB funds, visit LiveBaltimore.com/bbb. All BBB funds are available on a first-come, first-serve basis.