Incentives
Your dream of living in our New East Side community can be a reality. As the buyer of a new Townes at Eager home, you may qualify for some of the amazing incentives described below.
Incentives Available at the Townes at Eager:
Up to $110,000
- *JUST RELEASED* The Eastside Early Buyer Program (EELP)
- A no-interest shared appreciation mortgage for up to $110,000 for the purchase of your new home.
$17,000
- Live Near Your Work
- Receive up to $17,000 for down payment or closing cost assistance on the purchase of your new home.
Tax
Credit
- New Construction Tax Credit
- A five-year City property tax credit of 50% in the first taxable year and declining by 10% thereafter.
$5,000
- Community Development Grant
- Receive a $5,000 forgivable loan available to City first-time home buyers for down payment or closing cost assistance on the purchase of your new home.
$5,000
- House Keys for Employees
- The State will match your employer’s grant up to $5,000 with a 0% interest deferred loan.
$5,000
- Smart Keys for Employees
- The State will match the House Keys for Employees grant up to an additional $5,000 with a 0% interest deferred loan.
$3,000
- Buying into Baltimore
- Receive a $3,000 forgivable loan for closing cost assistance on the purchase of your new home.
$9,597*
- MMP+ 2% or 3% Grant
- Receive a grant of 2%–3% of your mortgage amount when using a CDA loan.
*Based on home purchase price of $319,900.
$10,000
- Federal Home Loan Bank of Atlanta First Time Homebuyer Program (FHP)
- Receive a $10,000 grant for down payment or closing cost assistance on the purchase of your new home.
Low
Interest
Rates
- Maryland Mortgage Program Community Development Administration (CDA)
- Features 30 and 40 year mortgages with low interest rates.
Example Incentive Scenario
Here's one potential example of how a full-time employee at Johns Hopkins University might take advantage of various incentives:
| $ | 9,597 | MMP+ 3% grant |
| $ | 17,000 | Live Near Your Work |
| $ | 5,000 | House Keys for Employees |
| $ | 5,000 | Smart Keys for Employees |
| $ | 36,597 | TOTAL AMOUNT OF INCENTIVE SAVINGS* |
*Calculations based on $319,900 purchase price with CDA loan ($98,040 income limit) and Johns Hopkins Live Near Your Work funds.
All featured incentives are subject to approval and may change at any time. Please contact our sales team for more information on how you can take advantage of the current offers that may be available to you.
