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
- No stories found
- $3 million or higher
- The current budget for Housing Initiative Partnership is: $1 million to $3 million
- $500k to $1 million
- Less than $500k
Catalogue charities range in size from $100,000 to
About the Catalogue for Philanthropy
Each year 120 expert reviewers evaluate applicants for distinction, merit, and impact. Each featured charity has been successfully site visited and its financials given the thumbs up. The Catalogue for Philanthropy charges no fees and raises funds separately to support its work. Since 2003, it has raised over $34 million for charities across the Greater Washington region.
The Catalogue for Philanthropy looks to friends like you to keep our services independent and entirely free of charge. Consider a small contribution to the Catalogue to cap off your gift and help the causes you care about get the full support they deserve!