Important Details

Please review all of the important details about Live Near Your Work grants. Each one can impact your ability to receive a grant.

  • Grants are available on a first-come, first-served basis and may be discontinued at any time.
  • Grants are provided at the discretion of JHU Benefits & Worklife and the Baltimore City Office of Homeownership. Applying for a LNYW grant does not guarantee that a grant will be received.
  • It takes about 30 days to process a LNYW grant application. To ensure grant checks are available at settlement, please submit a completed application about a month prior to the projected settlement date.
  • Grants are available only for homes purchased within designated neighborhoods, and the amount of the grant varies based on the location of the home. The boundaries of a target area include houses on both sides of the boundary street.
  • As part of the LNYW grant application process, you must complete homeownership counseling and present a certificate of completion that is dated prior to a contract of sale.
  • Reservation of grant funds, final approval, and disbursement of funds is contingent upon the timely receipt of the documents required by JHU Benefits & Worklife and the Baltimore City Office of Homeownership.
  • As the buyer, you must contribute $1,000 toward purchase of the home.
  • Grant money may be used only for down payment and closing costs at settlement for the purchase of an eligible home, one grant per eligible address.
  • LNYW home purchases must be the primary residence of the grantee, as defined by the state of Maryland, for a period of five years from the date of settlement. The grantee will be subject to repay all or a portion of the grant per the following schedule:
    • 100% repayment if the home is not the primary residence during the first three years from the settlement date.
    • 50% repayment if the home is not the primary residence during the period from three years and one day through four years from the settlement date.
    • 25% repayment if the home is not the primary residence during the period from four years and one day through five years from the settlement date.

This means that a grant recipient will be required to repay all or a portion of grant monies received if the home is sold and/or the home is not the primary residence of the recipient during the five-year period after the settlement date. In addition to repayment, grant recipients may be subject to disciplinary action if the failure to abide by grant requirements was not for good cause.

  • There is no probationary period applied to LNYW. Provided that all eligibility criteria are met, LNYW is available to newly hired employees who have signed an offer letter from Johns Hopkins stating employment. Confirmation from the newly hired employee’s supervisor may be required.
  • False statements or material omissions made by an employee on, or in connection with, an application for a LNYW grant can result in denial of the grant, repayment of any grant funds received by the employee, and disciplinary action up to and including termination.
  • No cash sales allowed. You must finance a mortgage loan in order to use the program. Standard FHA, conventional, and HUD 203K loans are encouraged. You are not able to use the following types of loans:
    • No-documentation loan
    • Interest-only loan
    • Adjustable-rate loan
    • Any loans for which prepayment penalties or fees are applicable or assessed
    • Loan amount of greater than $517,500
    • Loans with co-signers (co-buyers who live in the home are accepted)

Note: The Baltimore City Office of Homeownership has final loan approval for LNYW.