Addressing Issues of Vacant

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Addressing Issues of Vacant




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Presentations text content in Addressing Issues of Vacant

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Addressing Issues of Vacant& Foreclosed Properties

Protecting Communities from Vacant and Foreclosed Properties

Slide2

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 housing opportunities for low and moderate income persons, and to improving the quality of life in the neighborhoods we serve.

Slide3

Foreclosure 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

Slide4

Community & Local Government

Impact of Foreclosure

Slide5

7609 Barlow Rd, Palmer Park

Unmaintained Properties

Deter homebuyers

Existing owners

Slide6

7745 Burnside Rd, Palmer Park

Decline in Health &

Safety

Vandals

Squatters

Slide7

8124 Allendale Dr, Palmer Park

Declining property values

Slide8

7521 Greenleaf Rd, Palmer Park

Deterioration of Neighborhood Pride

Slide9

7817 Allendale Dr, Palmer Park

Strain on municipal resources

Slide10

2005 Palmer Park Dr, Palmer Park

Lost tax revenue

Slide11

8143 Allendale Rd, Palmer Park

Lack of resources and outside investment

Slide12

Through Acquisition and Rehab

Neighborhood Stabilization

Slide13

7243 Hylton St & 7241 Hylton St, Seat Pleasant

Transforms Blight

Slide14

1823 Ray Leonard Rd, Palmer Park

Tangible change within a short amount of time

Slide15

1202 Benning Rd, Capitol Heights

Relives burden of local authority

Slide16

3702 43

rd

Ave, Cottage City

Restores property back to the tax roll

Slide17

7711 Greymont , Palmer Park

Opportunity for homeownership

Slide18

Successes

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

Slide19

Successes

Complete RehabsLower maintenance and utility costs for homeownerContributes to long term affordability

Slide20

Successes

Community SupportCommunication Employment Eyes on the streetBuy-in to the programSupplementary incomeNew skills / tradeBigger PictureWhat are the needs of the community?

PGCC Landscaping Students

Slide21

Ranging from minor repairs to total renovations

28 Owner Occupied Rehabs

Owner Occupied Rehab

Slide22

Street Scholarship

HIP Services

Slide23

Street Scholarship

Sent more than 400 people to college classes

Slide24

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Challenges

Investors

(Potentially

)

Thorough appraisals and inspections

Qualified

buyers

Unpredictable market / Restoring faith in low/mod neighborhoods

High quality rehabs

Marketing assistance

Incentivize

purchase

Slide26

Jocelyn Harris

Housing Initiative Partnership, Inc.

301-699-1222

jharris@hiphomes.org

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