For questions regarding any of the resources listed below, contact our Housing Coordinator:
Carl Cleary at email@example.com or call (410) 225-7547.
The community of Reservoir Hill has the distinction of being listed on the National Register of Historic Places.
In addition, there are two local historic districts in Reservoir Hill. As such, rules are in place governing exterior improvements to homes on the designated blocks. Baltimore City’s Commission for Historical and Architectural Preservation (CHAP) reviews all work permit requests and approves them in keeping with historic guidelines. For a copy of the guidelines, contact CHAP at (410) 396-7526 or go to CHAP's website.
Blocks included in the local historic districts are as follows:
Brooks Lane: 900 block
Cloverdale: 1000 block (odd side only)
Eutaw Place: 2200 – 2500 blocks
Lennox Street: 600 block
Madison Avenue: 2200 – 2500 blocks
Morris Avenue: 2200 block (even side only)
Mount Royal Terrace: 1900 – 2300 blocks
North Avenue: 900 – 1100 blocks
Park Avenue: 2000 block
Reservoir Street: 600 block (even side only)
Whitelock Street: 1000 – 1100 blocks
Historic Tax Credit Information and Resources
The Heritage Preservation Tax Credit Program, administered by the Maryland Historical Trust, provides Maryland income tax credits equal to 20% of the qualified capital costs expended in the rehabilitation of a “certified heritage structure.” All properties in Reservoir Hill are certified heritage structures.
The credit is available for owner-occupied residential property as well as income-producing property. The rehabilitation expenditure in a 24-month period must be substantial* and must conform to the Secretary of the Interior's Standards for Rehabilitation and must be certified by the Maryland Historical Trust. If the credit exceeds the taxpayer's tax liability, a refund may be claimed in the amount of the excess.
*exceeding $5,000 for owner-occupied residential property, and the greater of the adjusted basis of the structure (generally the purchase price, minus the value of the land, minus any depreciation taken) or $5,000 for all other property
For more information on the tax credits, contact:
Commission for Historical and Architectural Preservation
Maryland Historical Trust
(State of Maryland)
Baltimore Heritage, Inc.
Contact: Johns Hopkins, Executive Director
11 ½ West Chase St
Baltimore, MD 21201
Why use a housing counselor?
The housing counselor represents the interests of you, the buyer. Unlike the seller, lender, and real estate agent, the housing counselor has no financial stake in your decision to buy a home, or how much you spend on a home.
A housing counselor can help you with the following:
Provide an overall view of the home buying process and help you determine where you are in the process.
Help you obtain and analyze your credit report, and assist in correcting any trouble areas.
Provide information on the advantages and responsibilities of home ownership.
Help you determine how much house you can afford.
Provide guidance on selecting and working with a real estate agent.
Help you understand a sales contract.
Help you decide what type of mortgage loan is best for you.
Help you prepare for a loan application.
WHAT LOANS & GRANTS ARE AVAILABLE?
The options change frequently, please contact our Housing Coordinator, Carl Cleary for the most up to date options: firstname.lastname@example.org, 410-225-7547. There are often opportunities for Live Near Your Work, City's Block Grant, and Live Baltimore, among others.
We want to help you find your place in this wonderful community. Contact us for a tour of the community, for help in making a purchase, or to just answer your questions about living in Reservoir Hill.
RHIC is here to help you find your home in Reservoir Hill. We strive to offer you the most up-to-date information on availability of houses in Reservoir Hill, and special resources to help you with your purchase or rental.
Reservoir Hill is an exciting community that bridges Baltimore’s history with Baltimore’s future. Reservoir Hill boasts one of the most diverse, intact collections of late 19th and early 20th century urban architecture in Baltimore City; and borders the second largest urban park in the country, Druid Hill Park. The community is an important part of the Jewish and African-American history of Baltimore.
While Reservoir Hill has a long history that can still be seen in its architecture, it is also a very vibrant, modern community with an urban farm that sells its produce right in the community, two community gardens, & a brand new community school, Dorothy I. Height Elementary School. You will find Reservoir Hill is a lively place with strong sense of community and a high level of civic engagement.
Are you thinking about buying a home? Reservoir Hill Improvement Council (RHIC) can refer you to certified housing counseling agencies. These agencies provide a Home Buyer Workshop to learn the basics of purchasing a home – from budgeting and affordability to mortgages and real estate contracts. Completion of housing counseling is a requirement for most city and state down payment incentive programs.
Healthy Neighborhoods Initiative
Healthy Neighborhoods, Inc. oversees a $40 million private loan-fund, providing special below-market loans to homebuyers and homeowners in Baltimore City in targeted Healthy Neighborhoods communities to encourage investment in Baltimore City. Healthy Neighborhoods provides innovative loans to eligible borrowers who purchasing a new home, refinancing and renovating an existing home, or improving their existing home.
For more information on Healthy Neighborhoods, Inc., Click Here.
Reservoir Hill is one of the original Healthy Neighborhoods communities and the Reservoir Hill Improvement Council's Carl Cleary is available to connect you with home buying resources available through Health Neighborhoods, Inc. & other agencies.
Maryland Insurance Administration
Maryland Insurance Administration (MIA)is the state agency that regulates the business of insurance in the State of Maryland. The MIA provides assistance to consumers, businesses, health care providers (including doctors and hospitals), and producers (agents or brokers) in all areas of insurance, including life, health, disability, automobile, homeowners, and property.
The MIA has also instituted a Rapid Response Program which is designed to help certain consumers resolve property and casualty claims (i.e. auto and homeowners claims, including those made under commercial lines policies) quickly and without having to file a formal written compliant. For information about this program, please contact MIA at 410-468-2340 or 800-492-6116 ext. 2340
The MIA produces consumer guides, rate comparisons and frequently asked questions related to various types of insurance. The following is a sample list of available publications; Consumer Guide to Homeowners Insurance, Consumer Guide to Auto Insurance, Health Premiums for Small Employers, Annual Premiums for Medicare Supplement Policies, and Insurance preparedness Guide for Natural Disasters. Consumers may access this agency and its consumer materials in several ways; download from their website, www.mdinsurance.state.md.us , on the Consumer Publication page, call (410) 468-2000 or write to Maryland Insurance Administration 200 Saint Paul Street, Suite 2700 Baltimore, MD 21202
Current Permit Fees
To view the current fees go to: http://static.baltimorehousing.org/pdf/permits_fees.pdf The Office of Permits & Building Inspections enforces the Baltimore City Building Code, as well as state laws pertaining to construction and occupancy. This office issues building permits and provides subsequent inspections for: construction, alteration, electrical, mechanical and plumbing work in both commercial and residential structures. File your completed application in person at: The One- Stop Shop,417 E. Fayette Street, Room 100. Not sure if your project requires a permit? Call 410-396-3360,
Vacants to Value $10,000 Booster Program
Mayor Stephanie Rawlings-Blake and the Department of Housing and Community Development are pleased to announce the Vacants to Value $10, 000 Booster Program, along with enhancements to previously Vacants to Value incentives. Effective July 1, 2011, the first fifty buyers of qualified Vacants to Value properties will receive $10,000 in down payment and closing cost assistance.
The first two stages of the broader Vacants to Value initiative- Streamlined Disposition and Targeted Code Enforcement- are working very, very well and producing outstanding opportunities for homebuyers. The Vacants to Value $10,000 Booster Program is offered in addition to previously announced Vacants to Value homeownership incentives, traditional homeownership incentive programs and property tax credits.
Of special note is a change to the Good Neighbors Vacants to Value Homeownership Incentive previously announced for teachers, firefighters and police officers. All City employees are now eligible for the $ 5,000 Good Neighbors Incentive which can be used in conjunction with the $10,000 Booster Program. For a full listing of all Vacant to Value Homeownership Incentives and program description visit , www.baltimorehousing.org
“Hope for Homeowners” Program to Help Struggling Families Keep Their Homes
The HOPE for Homeowners program will refinance mortgages for borrowers having difficulty making their payments, but who can afford a new loan by HUD’s Federal Housing Administration (FHA). The program is available only to owner occupants and offers 30-year fixed rate mortgages. The program ends 30 September 2011. For more information, go to: http://www.hud.gov/hopeforhomeowners/
Maryland Mortgage Program Acquisition Rehabilitation Loan
The State of Maryland’s Department of Housing and Community Development (CDA) in conjunction with National Homeownership Month announces it now offers a loan product for homebuyers seeking to purchase a property in need rehabilitation. This program offers eligible borrowers an acquisition and rehabilitation mortgage to purchase a single family, one unit home as a primary residence and obtain funds for needed repairs and/or renovations at the same time. The program provided by a CDA Participating 203(k) lender to the borrower under the terms of CDA’s Maryland Mortgage Program. The acquisition costs are paid to the seller of the home at closing and a rehabilitation escrow account, per FHA 203(k) or FHA 203(k) Streamline requirements, is set up at the loan closing. This program is offered through the Maryland Department of Housing and Community Development and is available statewide. Please contact Single Family Housing at (410) 514-7535 or at SingleFamilyHousing@mdhousing.org for additional information.
St. Ambrose Housing Aid Center Foreclosure Report
St. Ambrose has concluded a study tracking the outcomes of 1.031 households that entered into its foreclosure prevention program during the year 2007. The report finds that among other things 70% (720) of those receiving assistance had positive outcomes. Positive was defined as; remaining in their homes, or being able to sell the property for more than what the family had originally paid for it. In the study researchers looked at the period of time that had elapsed since the clients sought help and what had eventually was their outcomes three years later. Why wait three years? The reason for this was because some clients do not resolve foreclosure mitigations neatly within a short period of time. Additionally some of the clients had legal claims against their lenders and required additional time to settle. For more information and additional statistics, visit: http://www.stambros.org/downloads/sahac_fc_special_report_2011.pdf
CDBG’S First-Time Homebuyer Program
The Office of Homeownership has established the Community Block Grant Program to give qualified first time homebuyers $5,000 toward down payment and settlement expenses. Upon receiving a counseling certificate, the borrower can then find a property and sign a contract to purchase. The property must be inspected utilizing an HQS inspection.ActiveCityemployees may qualify to receive $3,000 in home buying incentive funds. The CDBG program has income limitations to qualify for this program. For information contact Carl Cleary at 410.225.7547, or email@example.com.