Interest Rate Reduction (IRR) Grant
Funding Amount
Varies
Deadline
Rolling / Open
Grant Type
foundation
Overview
Interest Rate Reduction (IRR) Grant
Funder: Healthy Neighborhoods Inc (HNI)
Geographic Scope: Baltimore City (select properties in Special Purchase Program)
Program Overview:
This grant is available for select properties under HNI's Special Purchase Program. The IRR Grant proceeds are used by HNI to buy mortgage discount points on behalf of the borrower in order to reduce the borrowing rate to 3.5%.
Loan Features:
Eligible Properties:
Formerly vacant homes developed by approved developers in eligible Healthy Neighborhoods
Contact:
Ben Glover
Director of Capital Programs
(410) 332-0387 Ext. 1005
bglover@healthyneighborhoods.org
40 S Fulton Ave, Baltimore, MD 21223
How to Apply
Application Process
To learn more about the Interest Rate Reduction Grant:
1. Contact: Ben Glover, Director of Capital Programs
- Phone: (410) 332-0387 Ext. 1005
- Email: bglover@healthyneighborhoods.org
- Address: 40 S Fulton Ave, Baltimore, MD 21223
2. Get Started: Follow HNI's general loan application process for Special Purchase Program properties
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