& Foreclosed Properties. Protecting Communities from Vacant and Foreclosed Properties. Acquisition & Rehab . Owner Occupied Rehab . . Multi-family. Housing Initiative Partnership. Dedicated to the revitalization and removal of blight in inner beltway communities, to the creation of ho.... ID: 385861
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Addressing Issues of Vacant& Foreclosed Properties
Protecting Communities from Vacant and Foreclosed Properties
Slide2Acquisition & Rehab
Owner Occupied Rehab Multi-family
Housing Initiative Partnership
Dedicated to the revitalization and removal of blight in inner beltway communities, to the creation of housing opportunities for low and moderate income persons, and to improving the quality of life in the neighborhoods we serve.
Slide3Foreclosure Counseling
Homebuyer Counseling Resident Advocacy Bounce Back
HIP Services
To alleviate the effects of poverty and inequality and improve the quality of life in the neighborhoods we serve
Slide4Community & Local Government
Impact of Foreclosure
Slide57609 Barlow Rd, Palmer Park
Unmaintained Properties
Deter homebuyers
Existing owners
Slide67745 Burnside Rd, Palmer Park
Decline in Health &
Safety
Vandals
Squatters
Slide78124 Allendale Dr, Palmer Park
Declining property values
Slide87521 Greenleaf Rd, Palmer Park
Deterioration of Neighborhood Pride
Slide97817 Allendale Dr, Palmer Park
Strain on municipal resources
Slide102005 Palmer Park Dr, Palmer Park
Lost tax revenue
Slide118143 Allendale Rd, Palmer Park
Lack of resources and outside investment
Slide12Through Acquisition and Rehab
Neighborhood Stabilization
Slide137243 Hylton St & 7241 Hylton St, Seat Pleasant
Transforms Blight
Slide141823 Ray Leonard Rd, Palmer Park
Tangible change within a short amount of time
Slide151202 Benning Rd, Capitol Heights
Relives burden of local authority
Slide163702 43
rd
Ave, Cottage City
Restores property back to the tax roll
Slide177711 Greymont , Palmer Park
Opportunity for homeownership
Slide18Successes
Strategic Partnerships
Working with a Trust or REO program
Discount/donations
Less competitive
Some pre-construction work may be done
State and Local Partnerships
Concentrated funding for high foreclosure areas
Identify chronically vacant properties
Slide19Successes
Complete RehabsLower maintenance and utility costs for homeownerContributes to long term affordability
Slide20Successes
Community SupportCommunication Employment Eyes on the streetBuy-in to the programSupplementary incomeNew skills / tradeBigger PictureWhat are the needs of the community?
PGCC Landscaping Students
Slide21Ranging from minor repairs to total renovations
28 Owner Occupied Rehabs
Owner Occupied Rehab
Slide22Street Scholarship
HIP Services
Slide23Street Scholarship
Sent more than 400 people to college classes
Slide24Slide25Challenges
Investors
(Potentially
)
Thorough appraisals and inspections
Qualified
buyers
Unpredictable market / Restoring faith in low/mod neighborhoods
High quality rehabs
Marketing assistance
Incentivize
purchase
Slide26Jocelyn Harris
Housing Initiative Partnership, Inc.
301-699-1222
jharris@hiphomes.org
Slide27Slide28Slide29Slide30Slide31Slide32Slide33Slide34Slide35
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