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Dundalk Renaissance Corporation has also created Renovation Incentive programs:
Vibrant Neighborhoods Home Renovation Loan – Only for a limited time!
- A 0% interest, deferred payment loan of up to $10,000 to encourage reinvestment in selected target blocks by owner-occupants
- Must be matched by a home equity or other bank loan, or homeowner savings
- There must be an exterior component to your project
- Loan must be repaid at refinance or time of sale
- Download more info
- Download application
- To learn more, contact: Rebecca at Dundalk Renaissance Corporation, 410 282-0261 or firstname.lastname@example.org
Energy Retrofit Grant – reduce your energy bills, help the planet, and increase your home’s comfort and value.
- An instant discount of 70% to 100% off the cost of needed energy efficiency improvements
- Your household income must be above 80% of the Area Median Income for the Baltimore region; contact Retrofit for more information
- DRC’s retrofit partner, Civic Works, will assist you in assessing your home’s needs and managing your energy improvement project
- To learn more, contact Retrofit Baltimore at 410 929-6257 or visit retrofitbaltimore.org/dundalk, or email Paul at email@example.com.
Historic Tax Credits
One of the key elements in the successful revitalization of historic neighborhoods has been the extensive use by homeowners and developers of historic tax credits to help fund high-quality renovations.
Who is eligible?
If you own a home in Dundalk’s National Register Historic District, you are eligible to apply for State and County Historic Tax Credits.
Dundalk’s National Register Historic District, established in 1983, includes the stucco houses in the “Ships” streets and some in the St. Helena neighborhood. Residential and commercial buildings in this district are eligible for County and State historic tax credits, as are designated historic landmarks.
What kinds of renovations are eligible?
With both the County and State programs, it is important to note: 1) there are restrictions on the kinds of renovation work eligible, and 2) you MUST apply and gain approval for your proposed renovations before you begin any work!
The goal of the historic tax credits is enhancing historic character (which the “Ships” streets certainly have). Eligible exterior expenses typically include roofs, windows, stone and brick work, stucco, wood siding or shingles, and lead paint removal. Eligible interior expenses include structural fortification, lead paint removal, heating and air conditioning, electrical, and plumbing work.
Alas, renovations to functional kitchens and bathrooms (however dingy or outdated they may be!) are usually not eligible as part of the credit, nor are additions.
What are the financial benefits?
The County residential credit is calculated as 20 percent of eligible renovation expenses, with a project minimum of $1,000. The credit is applied against your property tax bill, and can be carried forward for 10 years. So, if you spent $40,000 on eligible renovations, you’d get an $8,000 tax credit. If your annual County property tax bill is $2,000, you’d see the benefit of the credit over the next 4 years, during which you’d pay no County property taxes.
The State homeowner credit is also 20 percent of eligible renovation expenses. It is applied differently, however: upon completion of your renovations and certification by the State, the credit is counted against any State taxes you owe, with the balance sent to you as a check!
Commercial Properties are handled separately under both programs but also receive substantial benefits.
Learn more about Historic Tax Credits:
Baltimore County Historic Tax Credits or contact Karin Brown, Baltimore County Planning Office, 410 887-3495.
Maryland Historic Tax Credits or contact Maryland Historical Trust, 410 514-7620.
Maryland WholeHome Loan & Grant Program
Maryland WholeHome is a statewide initiative that brings together the resources available to help homeowners learn how they can make their homes healthier, safer and more energy efficient through DHCD’s low interest loans and grants.
Be Smart Home Loan Program
Single Family Rehab and Emergency Repair
The Single Family Rehabilitation Loan Program is designed to assist income eligible homeowners with low cost or no cost loans to correct hazardous conditions, eliminate safety hazards, repair or replace major systems, correct interior and exterior deficiencies, energy improvements, modifications for persons with disabilities and eliminate lead based paint hazards.
The Emergency Repair Program is designed to assist income eligible homeowners with a grant to repair or replace a major system which has failed or is in imminent danger of failure and which poses a hazard to the occupants’ health or safety.
The Maryland Housing Rehabilitation Program (MHRP), like the Single Family Rehabilitation Loan Program, is designed to assist income eligible homeowners with low cost or no cost loans to correct hazardous conditions, eliminate safety hazards, repair/replace major systems, correct interior and exterior deficiencies, energy improvements, modifications for persons with disabilities and eliminate lead based paint hazards. This program is funded by the Maryland Department of Housing and Community Development.
The above information is a brief summary of these programs. Detailed regulations, policies and procedures govern the programs. For additional information or to schedule an appointment to file an application, contact the Housing Rehabilitation Program staff.
Lead Safety Grants
Anyone living in or owning a house in Baltimore County can apply for this grant program, however, there are seven criteria that must be met in order for a property to qualify. In order to qualify for the grant, a property will have to meet the following specifications
- The property must be located in a Neighborhood Improvement target zip code. Those ZIP codes are, 21117, 21133, 21136, 21162, 21204, 21206, 21207, 21208, 21209, 21212, 21215, 21220, 21221, 21222, 21224, 21227, 21228, 21229, 21230, 21234, 21237, 21239, 21244, 21286.
- The property must have been constructed before 1978.
- A child under the age of six must live at or frequently visit the property.
- The property must contain at least one bedroom.
- The property must have a lead-based paint hazard which will be determined by a qualified Baltimore County lead hazard risk assessor.
- Occupants of the property must not exceed HUD income limits listed at the link below.
To learn more information or apply for this grant, please call Lead Safe Baltimore County at 410-887-3668 to have an application sent to you or download and print out your application. Along with the application, there are a few other documents you will need to provide that are listed as a printable checklist in the resources section below. If you need any special assistance throughout the process we will accommodate you in any way possible.