BRAC Buyer Assistance Programs

There are a number of families relocating to the Baltimore area for BRAC, the Base Realignment and Closure Program. Many BRAC transferees will be working at the Aberdeen Proving Grounds in Aberdeen, MD.

To help families with their necessary moves, the State of Maryland government has put a few closing cost assistance programs into place.

These programs are through the Maryland Mortgage Program (also known as MMP), including programs such as CDA, House 4 Keys, and DSELP programs.

The newest release is called the BRAC Match Program.

According to the Maryland Department of Housing and Community Development, (DHCD) in Directive 2010-22,

The BRAC Match Program is a new program that enables eligible BRAC homebuyers to receive $2,500 in downpayment and/or closing cost assistance. BRAC Match Program assistance is provided through a zero percent deferred loan repayable at the earlier of maturity or prepayment of the first mortgage, or sale or transfer of the property and can be combined with other downpayment and closing cost assistance programs such as the $5,000 currently available to all borrowers through the Downpayment and Settlement Expense Loan Program (DSELP).

If you are affected by BRAC and moving to the Baltimore area, you have many options available to you now.

Contact me to learn more about the BRAC buyer assistance programs and how they may benefit you buying a home in Maryland.

St John Properties Aberdeen Retail Complex In Works

St John Properties is planning a retail area in Aberdeen to add to their Government and Technology Enterprise already located in Aberdeen Proving Ground. The retail complex is planned to be called “Village at the GATE” according to the Baltimore Business Journal. The complex could be comprised of as many as nine buildings.

St John maintains and services tenants in many commercial buildings around the Baltimore area.

The goal of the development is to service the many BRAC transferees coming into the area, many from the Fort Monmouth, NJ base in the next few years. Plans include the possibility of up to five restaurants, maybe a hotel, a daycare, two banks, and a conference center.

The new Aberdeen complex would service both those who work at APG and the many Harford County residents who live near the area.

904G Cedar Crest Ct – Edgewood, MD – for RENT $875/month

**Update November 12, 2009, congratulations owner, we have a tenant!**

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This completely redone two bedroom two bath 1000 sq ft condo located near Aberdeen Proving Ground Army Base is available for $875/month rent. Read more