Buying a home near Northwest Hospital in Randallstown just got a little easier for LifeBridge Health employees. A new Live Near Your Work program offers incentives ranging from $1,000 to $5,000 to help LifeBridge Health employees with down payment and closing costs when they buy a home near Northwest Hospital.
“Live Near Your Work is a Baltimore County partnership with LifeBridge Health, the largest employer in the Liberty Road area. By providing buyer incentives in communities near Northwest Hospital, we are encouraging LifeBridge Health employees to invest in the neighborhoods near their work place,” said Baltimore County Executive Kevin Kamenetz.
“Northwest Hospital is community hospital that truly embraces our community. We believe this new partnership with Baltimore County will strengthen that connection by increasing the number of employees living in our nearby neighborhoods, with the added benefit for employees of a shortened commute to work,” said Brian White, president of Northwest Hospital and senior vice president of LifeBridge Health.
The highest incentives are available to homebuyers in the Stevenswood, Courtleigh, Green Lane, Fieldstone, Lochearn, Gwynn Oak and Colonial Village communities. These are stable, healthy communities within easy distance of Northwest Hospital that have seen a decline in homeownership since the recession.
To be eligible, home buyers must work for LifeBridge Health, purchase a home in a designated area, contribute at least $1,000 towards the home purchase and use the property as their principal residence.
“Mortgage rates are still attractive, so this is a great time to encourage homeownership in Baltimore County,” added County Executive Kamenetz.
More information about the Live Near Your Work program for LifeBridge Health employees is available at www.baltimorecountymd.gov/planning or call LifeBridge Health Employee Services at 410-601-8000.
