Howard County has announced the launch of a new homeownership program, Opportunities for Wealth-Building Now, or OWN.
This program will help grow and expand homeownership in Howard County. In addition, County Executive Calvin Ball unveiled updates to County regulations and a $4 million commitment toward homeownership in his Fiscal Year 2025 (FY25) operating budget.
"In Howard County, our residents enjoy one of the very best places to live, work, play, grow and thrive for all. People move to Howard County for our incredible schools, vast parks, abundant community amenities and vibrant small businesses. However, with mortgage interest rates at a 20-year high, many future homebuyers are hesitant to enter the market, while existing homeowners are discouraged from selling. To continue making Howard County a place where all families can call home, we must promote affordable homeownership opportunities that empower residents to put down roots in our community," shared County Executive Calvin Ball
The comprehensive OWN initiative is a new approach to advancing homeownership initiatives at the local level. By expanding access to low-interest financing for downpayment assistance, improving home renovation loan criteria, and investing in homeownership programs, Howard County is working towards making affordable homeownership more accessible to current and future residents.
To see more details on the program, check out the full release on the Howard County website.
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