Regulation .07 Applicant Specific Requirements – Homeowners.

Current through 2026-01-20. Source: COBRA Register Volume 04, Issue 02. Published by the Baltimore City Department of Legislative Reference.

Balt., Md., COBRA § 07.03.03.07 (2026)

Vacant Buildings.

(1)

A homeowner applying to purchase a vacant building through the Fixed Pricing Program shall:

(a)

Ensure an occupancy permit is obtained within 12 months from the date of settlement; and

(b)

Maintain primary residency at the property for a minimum of 5 years from the date of issuance of the occupancy permit.

(2)

If a property purchased by a homeowner for primary residency is sold or leased within the 6-year period, the homeowner shall be:

(a)

Deemed to be a developer of the property; and

(b)

Required to pay a pro-rated portion of $3,000 calculated based on the year that the property is sold.

Vacant Lots. A homeowner applying to purchase a vacant lot through the Fixed Pricing Program shall:

(1)

Construct a new residential unit and satisfy the requirements in <cite data-path="07.03.03.07|A.">§A of this regulation</cite>; or

(2)

Ensure the lot is used as a side yard in accordance with <cite data-path="07.03.03.03|B.|(2)">§03(B)(2) of this chapter</cite>.