This U.S. Town Is Offering $20,000 To Relocate. Here’s How To Secure $10,000 In Cash And $10,000 For Renovations – MASHAHER

ISLAM GAMAL5 September 2024Last Update :
This U.S. Town Is Offering $20,000 To Relocate. Here’s How To Secure $10,000 In Cash And $10,000 For Renovations – MASHAHER


This U.S. Town Is Offering $20,000 To Relocate. Here’s How To Secure $10,000 In Cash And $10,000 For Renovations

If you’re thinking about moving, Cumberland, Maryland, might just make it worth your while. This small town, located near the Maryland-Pennsylvania border, offers a unique incentive to attract new residents.

Cumberland provides up to $20,000 to families who relocate within its city limits through a new program. Here’s a simple breakdown of how to take advantage of this offer.

Don’t Miss:

What’s On The Table?

Cumberland is offering a total of $20,000, split into two parts:

  1. $10,000 in Relocation Cash: This is just for moving to Cumberland. The cash will be provided when you close on your new home.

  2. Up to $10,000 for Home Renovations or a Down Payment: This is a dollar-for-dollar match. If you plan to renovate an existing home or need help with a down payment on a new home within the city, Cumberland will match your investment up to $10,000.

Trending: Will the surge continue or decline on real estate prices? People are finding out about risk-free real estate investing that lets you cash out whenever you want.

To qualify for this program, you need to be at least 18 years old and legally able to work in the U.S. You must be moving from outside Allegany County and plan to live within Cumberland’s city limits.

Employment-wise, you should have full-time remote work, local employment, proof of self-employment, or start a new job in the area. You’ll also need to apply and get approved before relocating, and once approved, you have six months to make the move.

Lastly, you must purchase a home valued at least $150,000 in Cumberland. It must be your primary residence for at least five years, or you’ll have to pay back the money.

See Also: Unlock the hidden potential of commercial real estate —This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!

Why Cumberland?

Cumberland is a small town with fewer than 20,000 residents but has much to offer. It’s located along the Potomac River and is just a couple of hours from Baltimore, D.C., and Pittsburgh in an area known for its natural beauty. The area has 70,000 acres of outdoor adventure in Allegany County, often called the “Mountainside of Maryland.”

The town has a rich history, a low cost of living, and a welcoming community. It has invested in modernizing its downtown while preserving its small-town charm. Its reliable internet connectivity makes it a good spot for remote workers.

Trending: This city is the clear winner of Zillow’s 2024 Home Value Forecast —No surprise as the number of millionaires there grew by 75% in the last decade.

How to Get Started

If you want to make Cumberland your new home and take advantage of this $20,000 offer, apply for the program. If you’re accepted, you’ll have six months to move. Remember, the program has limited spots, so applying sooner rather than later is wise.

Read Next:

“ACTIVE INVESTORS’ SECRET WEAPON” Supercharge Your Stock Market Game with the #1 “news & everything else” trading tool: Benzinga Pro – Click here to start Your 14-Day Trial Now!

Get the latest stock analysis from Benzinga?

This article This U.S. Town Is Offering $20,000 To Relocate. Here’s How To Secure $10,000 In Cash And $10,000 For Renovations originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


Source Agencies

Leave a Comment

Your email address will not be published. Required fields are marked *


Comments Rules :

Breaking News