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Homes By DRC:
Enhancing Historic Character, Designing for a Sustainable World
DRC's renovations are high-quality, incorporating the best of the past with modern features every buyer wants and green design that makes our homes more affordable to operate and eco-friendly.
We create affordable homeownership opportunities that are truly neighborhood assets: we seek to increase renovation standards, improve the block's appearance, and stabilize or boost home values.
Contact Donna Bertoni 443 980-4516 for more information!
2906 Cornwall Rd. - $145,000 - UNDER CONTRACT
less $50,000 soft second mortgage
Available to Occupy January 2012!
At right: Before renovation (left), Renovations near completion (right), New kitchen going in (bottom)
Floor Plans (subject to field modifications)
Scroll down for examples of completed DRC homes!
Soft Second Mortgage becomes a grant after 15 years!
This 3 Bedroom, 1.5 bath brick home is adjacent to our historic area, the Dundalk Village Shopping Center, and Heritage Park.
I
t is currently under renovation, and will include an island kitchen with granite counters and -stainless steel energy star appliances; wood floors and new carpet; new low-e windows, wood privacy fence, and parking pad; finished basement room; new high-efficiency furnace and central AC. Home is being completely lead-abated, making it a great choice for families or anyone who is thinking about having kids in their future!
Download a flier about this home. More info about Buying a DRC Home.
Contact Donna Bertoni 443 980-4516 for more information!
72 Kinship Rd. - $165,000
less $50,000 soft second mortgage
Available to Occupy in June 2012!
At right: Before Renovation
Floor Plans (for illustration only - subject to field modifications)
Rare fully detached stucco home!
Scroll down to view examples of completed DRC homes!
Soft Second Mortgage becomes a grant after 15 years!
This 3 Bedroom, 1.5 bath detached stucco home is in Dundalk's National Register Historic District and adjacent to our main street.
Renovations begin in January 2012! Will include a kitchen with pass-through to a large separate dining room, granite counters and stainless steel energy star appliances; wood floors and new carpet; new low-e windows and new stucco, wood privacy fence, rear garage; finished basement room; large living room; central AC, slate roof. Home is being completely lead-abated, making it a great choice for families or anyone who is thinking about having kids in their future! Download a flier about this home. More info. about Buying a DRC Home.
Contact Donna Bertoni 443 980-4516 for more information!
24 Shipway - $160,000
less $50,000 soft second mortgage
Available to Occupy in June 2012!
At right: Before Renovation
Floor Plans (for illustration only -subject to field modifications)
Scroll down to view examples of completed DRC homes!
Soft Second Mortgage becomes a grant after 15 years!
This 3 Bedroom, 1.5 bath stucco home is in Dundalk's National Register Historic District and adjacent to our main street.
Renovations begin January 2012! It will include a front screen porch, a large separate dining room, a large kitchen with granite counters and stainless steel energy star appliances; wood floors and new carpet; new stucco, wood privacy fence, and parking pad; finished basement room; new high-efficiency furnace and central AC. Home is being completely lead-abated, making it a great choice for families or anyone who is thinking about having kids in their future! Download a flier about this home.
More info. about Buying a DRC Home.
Contact Donna Bertoni 443 980-4516 for more information!
1 Broadship Rd. - $155,000 - UNDER CONTRACT
less $50,000 soft second mortgage
Available to Occupy in January 2012!
At right: Before renovations (left); Renovations near completion (right), Kitchen at open house (below).
Floor Plans (subject to field modifications)
Scroll down to view examples of completed DRC homes!
Soft Second Mortgage becomes a grant after 15 years!
This 3 Bedroom, 1.5 bath stucco home is in Dundalk's National Register Historic District and adjacent to our main street.
Renovations are nearly complete, and include an island kitchen with granite counters and stainless steel energy star appliances; wood floors and new carpet; new low-e windows and new stucco, wood privacy fence, and two car parking pad; finished basement room; restored sunroom with ceramic tile floor; new high-efficiency furnace and central AC. Home is completely lead-abated, making it a great choice for families or anyone who is thinking about having kids in their future! Download a flier about this home. More info. about Buying a DRC Home.
Contact Donna Bertoni 443 980-4516 for more information!
Our houses offer $50,000 soft second mortgages.
In Dundalk, these soft second mortgages are available exclusively on DRC-renovated homes!
What is a soft second mortgage?
This $50,000 loan from Baltimore County, arranged by DRC, reduces the amount you need to qualify for on your first mortgage (so if the sale price is $160,000, the actual amount of your first mortgage would be $110,000). The $50,000 loan requires no monthly payments or interest, and is fully forgiven after 15 years. If you move before 15 years, you pay back a portion of the funds, depending on how long you've owned.
So what do I need to do?
Our soft second mortgages are available for buyers who earn up to 80% of the region's median income level, income limit amount varies by household size. Homeownership classes required-- ask your homeownership counselor if you meet the income guidelines.
Homes By DRC: SOLD
40 Broadship Rd. - 3BR, 2 Bath - SOLD
This 3 Bedroom, 2 bath stucco home is in our National Register Historic District and steps from the Dundalk Village Shopping Center and Heritage Park.
Completely renovated, it includes an island kitchen with granite counters and stainless steel energy star appliances; refinished and new wood floors; new low-e windows and two car parking pad; finished basement room; new high-efficiency furnace and central AC.
1 bedroom and full bath on 1st floor, with 2 more bedrooms and 1 bath on second floor.
More photos of 40 Broadship Rd.:
5 Broadship Rd. - Another Green Renovation by DRC! - SOLD
2 bedrooms, 1.5 baths, 1100sf
island kitchen with granite counters, stainless steel appliances, ceramic tile floor; 4-season sunroom with ceramic tile floor, spacious closet; refinished hardwood floors, restored stucco and slate roof; french doors to bluestone patio with privacy fence; high-efficiency heat and central AC, tankless water heater; 2-car pervious paver parking 
pad, low-VOC paints, low-e windows.
One of five DRC homes renovated on this block!
MORE Photos of 5 Broadship
2919 Cornwall Rd. - SOLD
3 Bedrooms, 1.5 baths, hardwood floors, open floor plan with island kitchen, patio doors leading to covered back deck, fully renovated, only $145,000 (less $70,000 soft second mortgage).
View Our Portfolio of Renovations
Back to Houses for Sale Now
Or, maybe you'd prefer new construction...?
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Now Open For Sale! Ryland's Lakes at Stansbury Shores
Baltimore County Homeownership Counseling Agencies
Stop here first for homeownership workshops, required for most State and County homebuyer incentives and reduced-rate loans. You must complete classes before making an offer on a property to be eligible for most incentive funds.
HARBEL Housing Partnership - 410.444.9152 - Located on Harford Rd.
Eastside Community Development Corporation - 410.284.9861 - Located on the Upper Level of Eastpoint Mall, directly above the Food Court.
Diversified Housing Development, Inc. - 410.496.1214 - Located on the County's west side.
Any homeownership counseling agency can provide you with assistance regardless of where in Baltimore County you are looking to purchase a home!
The Programs Below Are Administered by Baltimore County
Contact the housing counseling agencies above or the County directly at the numbers below for more information
Baltimore County Neighborhood Stabilization Program:
Which properties are eligible?
Must be a vacant and abandoned property due to foreclosure. No exceptions. Purchase price must be less than the appraised value. Property must be inspected prior to settlement. All rehabilitation work must be approved by Baltimore County’s Rehabilitation Inspection Staff. Sustainable and energy efficient rehabilitation required. Must be located in one of eight targeted zipcodes: 21117, 21133, 21207, 21220, 21221, 21222, 21234, & 21244
Loan Terms
Assistance may be provided in the form of a deferred or amortized loan. Payments may be deferred for a minimum of 15 years. The deferral period is known as the period of Affordability. Loans are evidenced by a Promissory Note and a Second Mortgage Agreement. Loan is forgiven after the Period of Affordability is completed provided the intended use remains the same throughout the Period of Affordability. Refinance, transfer of title, and sale of the property will trigger repayment provisions.
Program Requirements
Household Income must not exceed 120% of AHMI. Must complete 8 hours of pre-purchase counseling. Does NOT have to be a first time homebuyer. Must agree to have a lien recorded on the property. Must obtain a conventional fixed rate mortgage from a participating lender as determined by Baltimore County from time to time. Funds can be used for closing costs, downpayment, principal curtailment, repairs, and rehabilitation.
For more information about the County's Neighborhood Stabilization Program contact Marcia Williams, HOME Coordinator, Baltimore County Office of Community Conservation, 410.887.3124
www.baltimorecountymd.gov/agencies/community/housing
Baltimore County Settlement Expense Loan Program
Highlights of the BALTIMORE COUNTY "SELP" PROGRAM
American Dream Downpayment Initiative (ADDI) Settlement Expense Loan Program
This program is an effort to encourage first time homebuyers to consider home ownership in existing residential communities in Baltimore County. Home Buyer’s Workshops and Home Ownership counseling are offered to potential homeowners. Settlement Expense loans up to $10,000 are available to individuals and families who meet income limits and eligibility requirements.
Buyer eligibility requirements for SELP Program
A SELP borrower must:
1. Attend a Homebuyer Education Workshop & 1-on-1 Counseling with a Baltimore County affiliated Housing Counseling Agency PRIOR to signing a real estate contract of sale.
2. Meet Household Income eligibility as shown in table above.
3. Be a First-Time home buyer or meet one of the exceptions.
4. Qualify for a fixed rate mortgage with a Participating Lender.
5. Be able to meet the minimum cash contribution which is 5% of annual household income. (This cash must be from your own funds...not a gift.)
6. Have less than 12% of gross annual household income left in cash assets after settlement expenses are paid.
7. Buyers mortgage payment and total debt payments cannot exceed maximum ratio guidelines of 31% and 43%.
8. Gift contributions may not exceed 3% of the sale price.
9. SELP loan may be combined with CDA's DSELP closing cost assistance loan and the Federal Home Loan Bank grant as long as SELP retains second lien position.
Property criteria for SELP Program
The property must:
1. Be owner-occupied, occupied by the buyer, or vacant. New construction is excluded.
2. Be a single family detached or semi-detached home, townhouse, or
condominium unit.
3. Be located in Baltimore County’s inner ring of suburban communities. (Excluded are the new-growth areas of White Marsh and Owings Mills, as well as rural areas.)
4. Have a Home Inspection and meet Federal Housing Quality Standards (HQS) using an approved Home Inspection firm. All noted HQS deficiencies must be corrected and verified prior to final SELP Loan approval.
SELP loan terms
1. SELP Loan Amount: Minimum $1,000, Maximum $10,000.
2. May be used for Closing Costs, Down payment, and Repairs that may be required by the Federal Housing Quality (HQS) Home Inspection.
3. Interest Rate = 0%, Monthly Payments = $0
4. The SELP Loan is deferred for fifteen (15) years. After 15 years, the loan is forgiven unless sale, refinance, transfer of title, borrower no longer occupies the home, or default occurs before the end of the 15 years. See Repayment Schedule for sales prior the 16th year.
5. Loan principal is repayable upon the earlier to occur of Sale, refinance, transfer, default on primary loan, or borrower no longer occupies the home.
6. The SELP loan may be combined with CDA's DSELP loan and the Federal Home Loan Bank grant so long as SELP retains second lien position.
Please Note: The Official SELP PROGRAM GUIDELINES & PROCEDURES adopted by the Baltimore County Office of Community Conservation take precedence and clarify the details of the information presented here.
For more information on the SELP Program:
EQUAL HOUSING LENDER
Baltimore County
Office of Community Conservation
Housing Opportunities Program
6401 York Road – Second Floor, Baltimore, MD 21212
410-887-3124; Fax: 410-887-5696
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