Tenant Opportunity to Purchase Program

The City is providing assistance to tenant associations who are interested in purchasing their building.

Beginning the Process

To start the process you will need a letter or communication from the owner of the building that they are willing to sell the building. The Housing Division can assist you in reaching out to your building owner.

Contact Us:

• Email the Housing Division at housing@takomaparkmd.gov
• Call the Housing Division at (301) 891-7119.

If you are an existing Tenant Association

• You can get financial aid to receive technical assistance from an experienced firm to evaluate your ability to purchase the building, identify needed repairs, and put together an offer.
• You would also be eligible assistance in the purchase of the building and in making needed repairs to extend the life of the building.

Don’t have a pre-exisiting Tenant Association?

If you do not have a tenant association, you can easily form one! Find out more regarding this on the Tenant Association page or by reaching out to the City’s Housing Division by email at housing@takomaparkmd.gov or by phone (301) 891-7119.

PLEASE NOTE: You will need 1/3 of the occupied units in the building to agree to form a tenant association and that you will need to install officers to run and represent the association.

Quick Links

• Housing
• Rental Housing Programs
  • Tenant Opportunity to Purchase
    • Tenant Opportunity to Purchase Program
    • Tenant Opportunity to Purchase Case Study

Apply for an assistance award

You can apply to get awarded a grant from the City to work with a non-profit who can assist you with:

• Identifying loans you can receive,
• Connect you with bankers
• Help with drawing up a contract to buy the building.

You will need to have some documentation of the landlord’s interest to sell.

Submit an application today.