In Prince George’s County, 50% of homeowners have mortgages worth more than their homes. The county has the highest foreclosure rate in Maryland and the high median rental price for a two-bedroom apartment ($1,400) is beyond the reach of most residents, many of whom suffered a loss of income during the recession or fell victim to scam artists. An innovative community housing development organization, Housing Initiative Partnership steps into the breach, creating housing and economic opportunity where owning a home, or even renting one, seems just about impossible. HIP develops high-quality, affordable, green rental housing, and acquires and renovates foreclosed homes, which it then sells to low and moderate-income buyers. And through its partner, HIP Services, it provides the kind of counseling that can avert trouble to begin with: the Bounce Back program helps clients modify their mortgages and avoid foreclosure through workshops in financial literacy and individual counseling. (So far, zero Bounce Back clients have defaulted on their new mortgages, versus 50% nationally). Each day, HIP does more than renovate houses; it renovates lives.

Headquarters: MD-Prince George's County

Where They Operate: MD-Montgomery County; MD-Prince George's County

Age Groups Served: All

Ethnic Groups Served: African American; Asian American; Caucasian; Latino/Hispanic

Population(s) Served: Low- to Moderate-Income

Awards & Recognition

E&G Group Dedication of Milestone, Russell on 16th - 10.26.04

MAHT, Award of Excellence - 2.12.02

HAND Housing Architectural Award, Best Project: Mt. Rainier Artist Housing – 6.7.04

Bank of America, Neighborhood Excellence Initiative, Neighborhood Builder Award – 2004

Maryland Vision Awards, Redevelopment and Revitalization - 10.3.03

Commitment to Excellence, Honorable Mention – Rental Housing Awards, Mt. Rainier Artists Housing, 11.16.04

Maryland Society/The American Institute of Architecture Merit Award, Mt. Rainier Artist Housing 9.25.03

Prince George's County Council Proclamation on 25th Anniversary, 2015

Press

  • No stories found

Budget (FY2012)

  • $3 million or higher
  • The current budget for Housing Initiative Partnership is: $1 million to $3 million
  • $500k to $1 million
  • Less than $500k

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