IF you reside in Anne Arundel County, click here or contact us for more information.

IF you live in the City of Annapolis, please click here or download the application here.

Must own and occupy the subject property and have a household income that does not exceed 80% of median income.

The property must be located within Anne Arundel County, MD and must be the borrower’s primary residence.

Eligible properties include townhouses, single family detached homes, and/or condominiums.

IF you live in the City of Annapolis, go to the How do I Apply section on this page.

Up to $40,000 is available through ACDS and depending on the scope of work and borrower eligibility, additional funding may be available through the State of Maryland’s Special Loan Programs.

0%, No monthly payment required (ACDS funding)

0%-6%, interest rate depending on household income (State funding)

Borrower’s total household income cannot exceed 80% of Area Median Income, adjusted for family size. View income limits here.

Maryland Special Loan Programs (State)

50% of area median income – deferral permitted with no affordability

60% of area median income – loan with payment 0% – 4.5%

80% of area median income – loan with payment 4.5% – 6.0%

For ACDS funding, a loan cannot exceed 120% of the home’s value.

For Maryland Special Loan Program funding, a loan cannot exceed 110% of the home’s value.

Yes, you can pay the entire loan back in full before the due date without penalty.

Each project is different, depending on the amount of financial information needed, the amount of rehabilitation work to be completed, and the selected contractors’ timeframe. We estimate that the entire process could take approximately six months from the initial application submission.

Typically, our Property Rehabilitation clients can remain in their homes while rehabilitation work is taking place. In rare cases, the scope of work will require homeowner-occupants to leave the home while construction is taking place.

The program addresses all health, safety, and code related rehabilitation work, such as fixing a leaking roof or repairing a broken furnace. Other eligible repairs may include replacing windows and exterior doors, replacing defective plumbing and electric, replacing deteriorated flooring, removing peeling paint, and other health, safety or code related work. The Construction Specialist assigned to your case will come to your home and work with you to put together a scope of work for the project.

Accessibility modifications are also an eligible repair. Read more about the Accessibility Modifications Program here. Funds cannot be used to purchase furnishings or install luxury items such as hot tubs or Jacuzzis.

All contracts are between you, the homeowner(s), and the contractor. You may select a “preferred” contractor if you wish; however, the preferred contractor must be approved by ACDS before a construction contract is awarded. If you do not have a preferred contractor, a Construction Specialist will work with you to develop a request for bids and solicit bids from qualified contractors. As a homeowner, you may select any contractor who responds to the bid request and meets our program requirements including our cost reasonableness test. The qualified contractor must be licensed and insured and provide evidence of home improvement experience.

Rehabilitation loans are made and secured in the form of a lien mortgage. The amount depends on the eligibility of the borrower, program guidelines, source of financing, and the scope of the rehabilitation work.

Most rehabilitation loans are non-interest bearing (0%) and monthly payments are deferred. However, in some cases, depending on the borrower’s income, other financial obligations, and source of funding, borrowers may be charged a below market interest rate and be required to make monthly payments.

The loan is due and payable in full when the house is sold, title is legally transferred, no longer owner occupied, upon default/acceleration of the first mortgage, or thirty years from the original settlement date.

All subordination requests for refinancing are reviewed on a case-by-case basis. The loan funds may be due and payable at the time of refinance.