Move Up in Maryland
Revitalizing Communities & Stabilizing Families in Baltimore
Since 2003 HomeFree-USA has been acquiring and rehabilitating houses. With our newest program, Move Up in Maryland, we are expanding homeownership opportunities through the reuse of vacant, abandoned and/or foreclosed properties. Starting in West Baltimore, Move Up in Maryland will acquire, rehabilitate and sell up to fifty (50) formerly vacant properties each year.
To date, we have acquired 23 Baltimore properties, sold 8 and have 2 currently under contract. The program works in tandem with the HomeFree-USA homeownership preparation program, which has made homeownership possible for more than 7,000 first-time homebuyers. 0% have foreclosed.
Through Move Up in Maryland, HomeFree-USA:
- Obtains a steady supply of properties for acquisition and rehabilitation at discounted pricing.
- Generates a prospective pool of qualified homebuyers by working with major employers enrolled in the Baltimore “Live Near Your Work” program and other employer match efforts.
- Developes customized mortgage products, and “stacks” down payment and closing cost dollars from various sources, to assist buyers when they are ready to purchase.
- Offers pre-purchase, post- purchase and loss mitigation counseling services to each purchaser of a Move Up home.
- Helps existing homeowners by improving the overall condition and value of properties in the neighborhoods where Move Up operates.
- Creates local employment opportunities.
- Maryland Department of Housing and Community Development
- Baltimore City
- Susquehanna Bank
Move Up in Maryland is reclaiming the Baltimore neighborhoods that have been ravaged by vacant properties and the other ill effects of the mortgage meltdown.
Affordable Housing Tip
Do you know that on the East Coast Baltimore stands out for affordability? Check out this news release from The Baltimore Sun.
See also Project Rebound. Project Rebound, a nationwide program, was created in 2009 to revitalize communities impacted by the housing crisis. HomeFree-USA and its affiliated agencies have been rebuilding neighborhoods in urban markets around the country. 2,000 units have been delivered to date.
Move Up in Maryland Launch
Marcia with Maryland State Senator Catherine Pugh
Baltimore City Council President, Jack Young, with Ricardo and Demetrius, participants in The Road Home
Marcia with Amber Rodriguez and Jill Showell of Ocwen
Harry Sewell, HFUSA and Carol Gilbert, Maryland DHCD