LifeBridge Health employees who buy a house near Northwest Hospital in Randallstown can get help with closing costs of up to $5,000 under a new program expected to be announced by the health system and Baltimore County June 20.
The program aims to lure people specifically to communities which have had declines in homeownership in recent years. The affected communities are Stevenswood, Courtleigh, Green Lane, Fieldstone, Lochearn, Gwynn Oak and Colonial Village.
“Live Near Your Work is a Baltimore County partnership with LifeBridge Health, the largest employer in the Liberty Road area,” Kevin Kamenetz, the county executive, said in a statement. “By providing buyer incentives in communities near Northwest Hospital, we are encouraging LifeBridge employees to invest in the neighborhoods near their work place.”
The incentives range from $1,000 to $5,000 and will strengthen the hospital’s connection to the nearby neighborhoods, and decrease commuting time for participants, said Brian White, president of Northwest Hospital and senior vice president of LifeBridge Health, which also includes Sinai Hospital in Baltimore.
The health system and county are sharing the cost of the program, with the county contributing $25,000 in fiscal 2017.
To be eligible, homebuyers must work at LifeBridge, purchase a home in the designated area, contribute at least $1,000 toward the purchase and use the property as the principal address. For more information, call 410-601-8000 or go to www.baltimorecountymd.gov/planning.