LNYW is a program of the Maryland Department of Housing and Community Development (DHCD) that provides a MINIMUM of $2,000 cash grant to home buyers for down payment and/or settlement expenses. Participating partners: $1,000 from employer, and $1,000 from local government.
Employers and local government may contribute more than $1,000 per grant.
The employee must:
* Contribute at least $1,000 towards their home purchase
* Purchase a home in the employer's LNYW designated neighborhood
* Maintain the purchased home as the employee's primary residence.
* Employers may set additional eligibility requirements
* Prospective homebuyers are encouraged to participate in homeownership counseling to further their knowledge of the home buying process.
* Eligible employees apply for LNYW cash grants through their employer by contacting their Human Resources or Benefits Coordinator.
These are the current employer participants (and the list is growing! Last update 1/4/04). Click on the name of the employer for information on approved neighborhoods:
Ass'n of Balt. Area Grantmakers
Association of Balt Area Grantmakers
Blind Industries and Services of MD
Chesapeake Biological Laboratories
Cho, Benn, Holback, and Assoc.
CMD Outsourcing Solutions, Inc
Gallager, Evelius, and Jones LLP
Gray Kirk/VanSant Advertising, Inc
Homeless Person's Representation Project
National Aquarium in Baltimore
National Arts Stabilization, Inc
Venable, Baetjer, and Howard, LLP