SELP is a forgivable loan of up to $10,000 offered by Baltimore County and administered by nonprofit housing agencies, like Dundalk Renaissance, for first time home buyers. Loans are forgiven after seven (7) years. This program targets households earning less than 80% of the area median income. Homes must fall within specific SELP parameters and may not be new construction. Homes can be single family detached, semi- detached, townhouse, or a condominium unit.