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Downtown Residency Initiative

February 26, 2004

The Downtown Residency Initiative:

A program the city of Hagerstown approved Tuesday could give renters and homeowners a break of up to $1,500. The program can accommodate 25 residents a year.

Here's how it works:

Requirements


Applicants must want to live in the area contained by Cannon Avenue, Baltimore Street, Prospect Street and East Avenue/Church Street. The residence must be 100 percent code compliant.

Participants must live in the designated area for two years. If they leave before the two years ends, they must repay some or all of the program cost, depending on how long they lived there.

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What you get:

  • If you're renting a home, you get $100 a month for one year.

  • If you're buying a home, you get $1,500, which can be used toward a down payment or closing costs.


Who can participate:

  • Those who in the past year have graduated from college or have been honorably discharged from the military.

  • City, county, state and federal government employees.

  • Students and staff of the University System of Maryland Hagerstown Education Center.

  • Professionals locating in the area, including health care workers, teachers and police.


Who can't participate:

  • Renters who receive rental assistance from any other public or private source.

  • Renters who are related by blood to their landlords.


For more information, contact the Hagerstown Community Development Department at 301-739-8577, ext. 134.

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