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Department of Housing and Community Development

#5000Reasons to Own a Home

June marks Homeownership Month, and the Maryland Department of Housing and Community Development shares the U.S. Department of Housing and Urban Development’s dedication to making homeownership affordable. Owning your own home is an important part of the fabric of the American dream, and we want to help Marylanders achieve this goal.

There are many reasons to own your home:

  • Economic benefits that include tax incentives.
  • The ability to provide your family with stability and room to grow.
  • A place you can truly call your own.

“Homeownership is a significant responsibility, but in many cases the rewards make the commitment undeniable,” Secretary Kenneth C. Holt said. “We’re working to make sure that Maryland residents can overcome barriers, such as down payments or finding affordable interest rates.”

For first-time home buyers, the Maryland Mortgage Program can make all the difference in the homeownership journey. The program offers down payment assistance up to $5,000 and partners homebuyers with lenders and builders. To learn more about the Maryland Mortgage Program, visit mmp.maryland.gov.

During Homeownership Month, the department is launching its #5000Reasons campaign on Twitter to give followers a chance to share their reasons for wanting to own their own home. How do you participate? During June, tweet your reasons for wanting to own your home to @MDHousing with the hashtag #5000Reasons. You can also send your contributions to us via Facebook.