Hagerstown subsidy program for home ownership becomes more accessible | WDVM25 & DCW50

HAGERSTOWN, Md. (WDVM) — After two years of coping with a pandemic, many people somehow just need a break. That’s why the city of Hagerstown has made buying a home more accessible to its residents.

Property grants are available through the “Invest Hagerstown Program,” which allows the city to buy, renovate and sell vacant homes to qualified, lower-income buyers. With input from Hagerstown City Council, some barriers to the program have been removed or eliminated.

“One of the changes you’ll find before you is expanding the eligible homes with single-family or detached homes — so that’s going to be any single-family, townhome, apartment, duplex, what have you,” says Christopher Siemerling, specialist in economic development.”In addition to setting a priority for first-time home buyers or current tenants.”

Other changes to the program include:

  • Waiver of the 12-month vacancy requirement.
  • Removing the age requirement for properties “built before 1960”.
  • Removing rehabilitation costs as an eligible use of the grant funding.
  • Require applications to be submitted 30 days prior to settlement instead of 15 business days.
  • Clarify that the program is a loan to make, and that no payments to the city are required if the conditions
    have been met.

To take the first step to getting one of the city’s grants, call your preferred bank to see if you already qualify for a mortgage.

Leave a Comment