HIP buys and substantially rehabs — or sometimes tears down and builds new — vacant single family homes in inner-beltway neighborhoods. These homes typically require extensive work and are practically new when completed. In an average home HIP will replace all major systems (roof, gutters, furnace, central air, hot water heater) and heavy up the electrical system. In addition, we will replace the kitchen and bathroom(s), install all new appliances (garbage disposal, dishwasher, refrigerator, stove, washer and dryer), and replace all electrical fixtures and flooring. HIP’s signature feature is the addition of a front porch. Not only does the porch dramatically improve the curb appeal of the home, it also encourages the new owners to sit out front of their home and get to know their neighbors and the community.
HIP receives funding from Prince George’s County and the State of Maryland to help reduce the purchase price of these homes. Homes are affordable to families earning 80% or less of the area median income.
Requirements for purchasing one of HIP’s Homes
- Households must earn 80% or less of the area median income based on household size.
- Buyers must complete homeownership counseling with HIP or another agency recognized by HIP.
- Buyers must qualify for financing through a conventional lender, the state of Maryland, or Prince George’s County. HIP will assist families with this process through its homeownership counseling program.
Click here for a current list of HIP Homes for sale or in the pipeline. A complete list of single-family homes constructed or rehabbed by HIP can be found in the downloadable PDF HIP Qualifications. For more information about HIP’s Single-Family program, please contact Jocelyn Harris at 301-699-1222.
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