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Michael Braverman, DHCD Commissioner Mayor Bernard C. "Jack" Young

Deferred Loan Program

What is it?

The Deferred Loan Program offers below market-rate rehabilitation loans for owner-occupied properties. Loans are available to low- and moderate-income households. Typical repairs qualifying for this assistance include, but are not limited to: furnace, roof, electrical, and plumbing repair, and accessibility improvements for elderly/handicapped homeowners.

Who is eligible?

Households below 80% of Baltimore City median income levels (see chart below).

All Baltimore City homes and condominiums, including units with one to two dwellings, as long as the owner resides on the property

The underwriting staff will determine eligibility for specific loan programs following review of the application, income verification, credit reports, tax assessment and property value.

Household Size









Annual Income









What are the benefits?

Structural repair promotes safe and adequate living conditions for all property residents. Maryland law requires compliance with health and building codes.

What are the loan terms?

Loans are available to qualifying households with a 3% simple interest rate.

The homeowner makes no monthly payments, and all payments are deferred until after the sale, refinance or transfer of title to the property.

All application fees and closing costs are included in the loan amount.

How do I apply?

Download an application for assistance and a lead hazard information pamphlet or call (410) 396-3023 to have one mailed to you.

For more information about this program, contact:

Baltimore Housing
LIGHT Program
2700 N. Charles Street, Suite 201
Baltimore, MD 21218
(410) 396-3023