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Direct Purchase Program

Healthy Neighborhoods Offers Forgivable Loans

The Direct Purchase Program is a unique opportunity to get a $25,000 forgivable loan to help defray the cost of the purchase and renovation of a foreclosed or abandoned home in certain census tracts, including Reservoir Hill.

It is available only for a limited time.  This opportunity is available due to the award federal stimulus funds to Healthy Neighborhoods, Inc. through the Neighborhood Stabilization Program.

Eligible borrowers can earn no more than 120 % of 2010 Adjusted Area Median Income, approximately $98,640 for a family of four.

The Direct Purchase Program relies on the commitment of home buyers who love city life and believe in the future of active and engaged urban communities.

For information contact Rahn Barnes at 410.332.0387 x 154 or rbarnes@healthyneighborhoods.org.

For help with Direct Purchase Program applications for houses in Reservoir Hill, feel free to speak with RHIC’s Housing Counselor, Carl Cleary by calling 410.225.7547, or by writing to ccleary@reservoirhill.net

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