Baltimore residents with modest incomes will have a chance this week to secure affordable mortgages from a national nonprofit that is offering a radical alternative for tenants who rely on federal subsidies to pay rent: It will allow them to use their government vouchers to own, rather than lease, their homes. The lending program is aimed at increasing homeownership in neighborhoods where soaring rents have left tens of thousands of low-and-moderate income tenants trying to live in Baltimore without being one of the nearly 7,500 tenants who get evicted each year.

Foreclosure News



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