The gift of homeownership.

Scroll down to nominate.

Watch Past Winner

image

About the Grant

WHO IS ELIGIBLE FOR THE GRANT?

Nominees must be at least 18 years of age, and not currently own a home.

HOW MUCH MONEY IS THIS GRANT FOR?

The grant funds are for all closing costs of a home purchase, including down payment, transfer and recordation fees and title insurance costs, in conjunction with the typical loan standards of the Maryland Mortgage Program.

WHEN WILL THE GRANT RECEIPIENT BE CHOSEN?

We will announce the recipient near Thanksgiving 2021.

HOW WILL THE GRANT RECIPIENT BE CHOSEN?

A panel of five community members will meet to select a grant recipient.

HOW WILL THE PANEL SELECT THE WINNING RECIPIENT?

The purpose of the grant is to provide an opportunity for a deserving member of our community to obtain financial freedom by paving the way for home ownership. The panel will be looking for a nominee who’s story and character traits are exemplary in nature, and whom will benefit the most by obtaining homeownership.

Click to Read the Story Behind the Grant

WHAT IS THIS GRANT?

In simple terms, the grant is the opportunity for a nominated individual to go from paying rent, to paying a mortgage, with all closing costs covered.

HOW MUCH GRANT SUBSIDY IS AVAILABLE?

The grant subsidy will cover the entire down payment and closing costs for the grant recipient.

WHO SHOULD BE NOMINATED?

There are many unsung heroes within our communities. Many of whom are stuck paying rent with very little options of getting a break in life. This grant hopes to raise up those hard working residents and give them the start to obtain financial freedom through home ownership.

WHO IS FUNDING THIS GRANT?

This grant is privately funded by Will Stein.

HOW LONG DOES THE GRANT RECIPIENT HAVE TO PURCHASE A HOME?

The grant recipient has twelve months from the announcement to purchase a home.

WHAT ARE THE LIMITATIONS OF THE HOME?

Must be located within Maryland.
Must become the primary residence of the grant recipient.
Have a maximum purchase price of $600,000.

WHAT TYPE OF PROPERTY MAY I PURCHASE WITH THE GRANTS?

Any residence in Maryland which you intend to make your primary residence.

ARE THERE INCOME LIMITS?

The income limits are as indicated by the Maryland Mortgage Program, currently $140,640 – $164,080 depending on household size.

WHAT ARE THE REQUIREMENTS OF THE GRANT RECIPIENT?

Complete an eight hour housing counseling class provided by the Prince George’s County Housing Authority.
Show that they are eligible to be able to secure a mortgage for a home within twelve months of award.

CAN I NOMINATE MYSELF?

No, you may not nominate yourself however you can ask a friend or family to submit a nomination on your behalf.

CAN I NOMINATE A GROUP OR NON-PROFIT?

Only individuals may be nominated for this grant, groups and non-profits are not eligible.

CAN THE GRANT BE USED TO PURCHASE A RENTAL PROPERTY?

No, the grant must be used to purchase a home which the grant recipient intends to occupy as their primary residence.

CAN ONE PERSON NOMINATE MULTIPLE CANDIDATES?

Yes, one person can nominate any number of candidates.

CAN I MAIL A NOMINATION?

Nominations can be submitted via this link: Nominate

If you wish to mail, please write to:
Will Stein Homeownership Grant
1 Park Place
Annapolis, MD 21401

WHAT ARE THE DISQUALIFICATIONS FOR A NOMINEE?

Dishonesty or providing false or inaccurate information.
Failure to successfully execute on the purchase of a home within the period of twelve months after award.
Not being able to obtain a pre-approval showing that they would be able to take advantage of the grant funds.

WHAT ARE THE TAX IMPLICATIONS?

Grant recipient will be receiving funds and will be required to report to the IRS in accordance with any federal laws.

WHAT IF I HAVE MORE QUESTIONS?

Any questions can be emailed to info@willsteingrant.com, or you may call (202) 888-3938.

¿PUEDO NOMINAR A UN CANDIDATO EN ESPANOL?

Sí, nomina en español y nosotros nos encargamos del resto.

Do You Know Any
Unsung Heroes?

Nominate them for the gift of home ownership!

Nominations Close
  • 00 days
  • 00 hours
  • 00 minutes
  • 00 seconds
Nomination Selection
  • 00 days
  • 00 hours
  • 00 minutes
  • 00 seconds

Questions?

(202) 888-3938

Contact Us

We're happy to answer your questions, leave us a message and we'll get right back to you.

Not readable? Change text. captcha txt