Housing Initiative Partnership (HIP) buys and substantially rehabs vacant single-family homes in older inner-beltway neighborhoods. Sometimes, HIP will also tear down abandoned and dilapidated homes to build new construction on a large lot.
These “HIP Homes” are then sold to first-time homebuyers earning 80% or less of the area median income. We are expecting to reach the 100th – 105th renovation milestones in March 2023. This is also the 25th anniversary of the HIP Homes program, which began in 1998.
Rehabilitated HIP homes typically require extensive work and are practically new when completed. In an average rehab, 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.
As a green developer, HIP places special emphasis on energy and water efficiency as well as the use of sustainable, healthy materials. HIP’s signature feature is the addition of a front porch with brightly colored front and rear door. Not only does an inviting porch dramatically improve the curb appeal of the home, it also encourages the new owners to enjoy sitting out front of their new home while getting to know their neighbors and the community.
Requirements for Purchasing a “HIP Home”
Looking for Down Payment Assistance?
For a current list of down payment and closing cost assistance resources offered through the State of Maryland, search here:
Many programs require the completion of a Homebuyer Education Workshop or one-on-one counseling session. HIP can help you complete this requirement. Register for HIP’s next virtual seminar today!
For more information about HIP’s Single-Family program, please contact Stephanie Proestel, Deputy Director, at 301-699-3870 or sproestel@HIPhomes.org.
Above: Delivery of the first passive house to the construction site in Fairmount Heights, in Prince George’s County.