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First Time Home Buyer Funds Available

Westminster, Maryland, Friday, August 11, 2017 –The Board of County Commissioners has approved and signed authority to the Maryland Department of Housing and Community Development for the 2017 On-Behalf-Of Local Governments Housing Program.

The On-Behalf-Of initiative is an annual State bond issued used to promote homeownership.  The program, Maryland Mortgage, offers local governments opportunities to partner with the State to provide mortgage financing for first-time home buyers.  The authorization is an agreement for the State to administer the designated funds for 2017.  The first 60 days (September 1 through October 31) is for exclusive use to Carroll County citizens. Funds not used within the 60 day period revert to a statewide pool of funds available to eligible applicants on a first come, first serve basis.

$5,690,937 in bond authorization has been reallocated to the State Department of Housing and Community Development’s Maryland Mortgage Program.  These funds are available through local financial institutions for those that qualify.  More information is available at www.mmprogram.com

To qualify, one must be within the federal income limits designated below and purchase a home for no more than $476,471.

Household Size                Maximum Household Income

1 or 2 members                  $109,320

3 or more members            $127,540

For additional information, contact:

Danielle Yates, 
Bureau Chief, Bureau of Housing and Community Development  
410-386-3600.

The Americans with Disabilities Act applies to the Carroll County Government and its programs, services, activities, and facilities. Anyone requiring an auxiliary aid or service for effective communication or who has a complaint should contact The Department of Citizen Services, 410.386.3600 or 1.888.302.8978 or MD Relay 7-1-1/1.800.735.2258 as soon as possible but no later than 72 hours before the scheduled event.