Civic Intelligence

Housing Initiative Partnership Inc

EIN 52-1596171 • 501(c)3 • Hyattsville, MD

Profile

Dedicated to revitalizing neighborhoods, hip creates housing and economic opportunites for persons of low and moderate-incomes.

6525 Belcrest Road 555Hyattsville, MD 20782

www.hiphomes.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.87x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

5.14x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

8th percentile

-29%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

28th percentile

$182,176

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

99th percentile

500%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

72%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$38,898,282

Up $32,415,114 (+500%) from 2023

Liabilities

Up

$33,815,224

Up $30,264,623 (+852%) from 2023

Net Assets

Up

$5,083,058

Up $2,150,491 (+73%) from 2023

Revenue

Up

$6,577,442

Up $2,751,822 (+72%) from 2023

Expenses

Up

$8,457,839

Up $4,701,786 (+125%) from 2023

Net Income

Down

-$1,880,397

Down $1,949,964 (-2803%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $1,320,283Liabilities 2011: $1,110,424Net Assets 2011: $209,8592011Assets 2012: $1,750,902Liabilities 2012: $1,236,448Net Assets 2012: $514,4542012Assets 2013: $2,694,321Liabilities 2013: $2,294,131Net Assets 2013: $400,1902013Assets 2014: $2,730,060Liabilities 2014: $1,707,680Net Assets 2014: $1,022,3802014Assets 2015: $3,181,793Liabilities 2015: $1,659,208Net Assets 2015: $1,522,5852015Assets 2016: $3,492,383Liabilities 2016: $1,608,448Net Assets 2016: $1,883,9352016Assets 2017: $3,921,695Liabilities 2017: $1,800,397Net Assets 2017: $2,121,2982017Assets 2018: $4,111,838Liabilities 2018: $1,855,236Net Assets 2018: $2,256,6022018Assets 2019: $4,302,655Liabilities 2019: $1,954,872Net Assets 2019: $2,347,7832019Assets 2020: $6,355,471Liabilities 2020: $3,358,304Net Assets 2020: $2,997,1672020Assets 2021: $5,231,703Liabilities 2021: $2,726,348Net Assets 2021: $2,505,3552021Assets 2022: $6,736,869Liabilities 2022: $3,891,318Net Assets 2022: $2,845,5512022Assets 2023: $6,483,168Liabilities 2023: $3,550,601Net Assets 2023: $2,932,5672023Assets 2024: $38,898,282Liabilities 2024: $33,815,224Net Assets 2024: $5,083,0582024

Highlighted filing

2024

Assets$38,898,282
Liabilities$33,815,224
Net Assets$5,083,058

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $674,192Expenses 2011: $540,347Net Income 2011: $133,8452011Expenses 2012: $401,7362012Expenses 2013: $595,4092013Revenue 2014: $1,262,422Expenses 2014: $541,455Net Income 2014: $720,9672014Revenue 2015: $1,812,584Expenses 2015: $1,726,068Net Income 2015: $86,5162015Revenue 2016: $2,524,396Expenses 2016: $2,117,559Net Income 2016: $406,8372016Revenue 2017: $2,141,028Expenses 2017: $1,814,238Net Income 2017: $326,7902017Revenue 2018: $2,350,246Expenses 2018: $2,150,991Net Income 2018: $199,2552018Revenue 2019: $2,833,616Expenses 2019: $2,660,766Net Income 2019: $172,8502019Revenue 2020: $3,695,036Expenses 2020: $2,991,616Net Income 2020: $703,4202020Revenue 2021: $2,385,567Expenses 2021: $2,942,550Net Income 2021: -$556,9832021Revenue 2022: $3,837,345Expenses 2022: $3,411,958Net Income 2022: $425,3872022Revenue 2023: $3,825,620Expenses 2023: $3,756,053Net Income 2023: $69,5672023Revenue 2024: $6,577,442Expenses 2024: $8,457,839Net Income 2024: -$1,880,3972024

Highlighted filing

2024

Revenue$6,577,442
Expenses$8,457,839
Net Income-$1,880,397

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.9$33.8$5.08$6.58$8.46$1.88
2023Summary only. Only limited summary data is available for this year.$6.48$3.55$2.93$3.83$3.76$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.74$3.89$2.85$3.84$3.41$0.43
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.23$2.73$2.51$2.39$2.94$0.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.36$3.36$3.00$3.70$2.99$0.70
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.30$1.95$2.35$2.83$2.66$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.11$1.86$2.26$2.35$2.15$0.20
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$1.80$2.12$2.14$1.81$0.33
2016Detailed filing. Detailed filing data is available for this year.$3.49$1.61$1.88$2.52$2.12$0.41
2015Detailed filing. Detailed filing data is available for this year.$3.18$1.66$1.52$1.81$1.73$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.73$1.71$1.02$1.26$0.54$0.72
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$2.29$0.40$0.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$1.24$0.51$0.40
2011Summary only. Only limited summary data is available for this year.$1.32$1.11$0.21$0.67$0.54$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$7,200,442
Mission and Program Overview

Mission

Dedicated to revitalizing neighborhoods, hip creates housing and economic opportunites for persons of low and moderate-incomes.

Housing initiative partnership, inc. (hip) develops innovative affordable housing, revitalizes neighborhoods and equips people to achieve their housing and financial goals. Hip's vision is that every person lives in high-quality affordable housing in a thriving community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$418,986$2,170,719▲ $1,751,733
Other Notes and Loans Receivable, Net$1,150,280--
Pledges and Grants Receivable$1,434,276$720,096▼ $714,180
Investments in Publicly Traded Securities$459,897$510,476▲ $50,579
Accounts Receivable-$238,752-
Intangible Assets-$61,761-
Prepaid Expenses and Deferred Charges$28,638$35,180▲ $6,542
Land, Buildings, and Equipment, Net$17,221$20,389▲ $3,168
Savings and Temporary Cash Investments$4,946$449▼ $4,497
Total Assets$6,483,168$38,898,282▲ $32,415,114
Other Assets Total$2,968,924$35,140,460▲ $32,171,536
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,170,857$26,102,741▲ $24,931,884
Other Liabilities$1,975,441$4,333,661▲ $2,358,220
Accounts Payable and Accrued Expenses$404,303$3,208,805▲ $2,804,502
Deferred Revenue-$170,017-
Unsecured Notes Loans Payable-$0-
Total Liabilities$3,550,601$33,815,224▲ $30,264,623
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,932,567$5,083,058▲ $2,150,491
Total Net Assets Fund Balance$2,932,567$5,083,058▲ $2,150,491
Total Liabilities and Net Assets / Fund Balance$6,483,168$38,898,282▲ $32,415,114

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$20,389$79,797$100,186
Other Assets Org$31,332,954--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maryann DillonExecutive Director (retired Feb. 2024)FT$178,591$3,585$182,176
Maryann DillonExecutive Director (retired Feb. 202-$178,591-$178,591
Stephanie Prange ProestelExecutive DirectorFT$152,065$3,041$152,065
Mary HunterDirector of Housing Counseling ProgramFT$128,782$2,576$131,358

Board Members and Trustees

NameTitle
Martin MellettChair
Samuel ParkerPast Chair Emeritas
Ivy LewisVice Chair
Abraham GarciaDirector
Andrew JosephDirector
Angela HillDirector
Erna VanceDirector
Julio Murillo KhadjibhaevaDirector
Mae AvenillaDirector
Steve BrighamDirector
Randy BarberSecretary
Wanda Ellison-osborneTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Warren BuildsConstruction14503 MAIN STREET, Upper Marlboro, MD 20772$3,170,296
Landsdowne Development CorpConstruction2413 BLACKBERRY COURT, Bryans Road, DC 20616$412,150
Greater Heights Remodeler INCConstruction5900 KINGSFORD PLACE, Bethesda, MD 20817$272,355
Revenue and Support

Revenue Composition

Contributions and Grants
$5,781,271
Program Service Revenue
$722,492
Investment Income
$28,677
Other Revenue
$45,002
All Other Contributions
$851,253
Change in Net Assets
$-1,880,397

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,577,442
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$35,655
Total Revenue per Audited Statements
$6,613,097
Total Revenue per Form 990
$6,577,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,594,604
Salaries, Compensation, and Employee Benefits$2,643,734
Grants and Similar Amounts Paid$219,501
Total Fundraising Expense$138,034
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,480,247$172,702$80,800$1,733,749
Occupancy$579,155--$579,155
Interest$500,723--$500,723
Current Officers, Directors, Trustees, and Key Employees$400,117$46,682$21,841$468,640
All Other Expenses$248,659--$248,659
Other Employee Benefits$208,721$24,351$11,393$244,465
Grants to Domestic Orgs$219,501--$219,501
Fees for Services Accounting$183,973--$183,973
Payroll Taxes$137,159$16,002$7,487$160,648
Other Expenses$46,681$97,030$14,824$158,535
Insurance$98,915--$98,915
Fees for Services Other$70,705--$70,705
Information Technology$49,331--$49,331
Fees for Services Management$42,523$6,204-$48,727
Office Expenses$46,646--$46,646
Pension Plan Contributions$30,934$3,609$1,689$36,232
Advertising$27,987--$27,987
Fees for Services Legal$22,852--$22,852
Depreciation Depletion$5,882$831-$6,713
Total Functional Expenses$7,952,394$367,411$138,034$8,457,839

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,457,839
Total Expenses per Audited Statements$8,457,839
Total Expenses per Form 990$8,457,839
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Upper Montgomery Assistance NetworkGaithersburg, MD-Subrecipients to Hip for City of Gaithersburg Financial Empowerment Grant$112,460
Forest Drive Lihtc LLCCollingswood, NJ501(c)3Reimbursement for Fairmont Heights - Phase 2 Construction$106,792
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$2,644,041
Development Fee$1,452,630
Accrued Wages Payable$162,469
Security Deposits$42,024
Lease Liability$32,497
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

No committee is authorized to take any action on behalf of the board. All action is taken by the board as a whole.

Form 990, Part VI, Section B, Line 11B

The organization's 990 is reviewed by the full board before being filed.

Form 990, Part VI, Section B, Line 12C

Each board member is asked to complete and sign the conflict of interest policy, copies of which are maintained by the administrative staff of the organization. Staff members are also required to sign upon being hired and are trained in policy annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public on their own website, upon request, and the form 990 is available on the website guidestar.org.

Filing and Contact Details

Filer

Filer Name
Housing Initiative Partnership Inc
EIN
52-1596171
Phone
3016993835
Address
6525 BELCREST ROAD 555, HYATTSVILLE, MD 20782

Signing Officer

Name
Stephanie Prange Proestel
Title
Executive Director
Phone
3016993835
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Prange Proestel
Formed
1989
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
11
Employees
29
Volunteers
30

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Joseph R Stroup
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Capital contributions 2,839,920.

FORM 990, PART XII, LINE 2C:

These processes have not changed since the prior year.

Financial Statement Notes

PART X, LINE 2:

Even though hip is recognized as tax exempt, it still may be liable for tax on its unrelated business income (ubi). Hip evaluates uncertain tax positions through its review of the sources of income to identify ubi and certain other matters, including those which may affect its tax exempt status. The effect of the uncertainty would be recorded if the outcome was considered probable and reasonably estimable. As of june 30, 2024, hip had no uncertain tax positions requiring accrual.

Raw XML AppendixShowing 400 of 857 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0HOUSING INITIATIVE PARTNERSHIP, INC. (HIP) DEVELOPS INNOVATIVE AFFORDABLE HOUSING, REVITALIZES NEIGHBORHOODS AND EQUIPS PEOPLE TO ACHIEVE THEIR HOUSING AND FINANCIAL GOALS. HIP'S VISION IS THAT EVERY PERSON LIVES IN HIGH-QUALITY AFFORDABLE HOUSING IN A THRIVING COMMUNITY.
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IRS990/Desc0HOUSING COUNSELING - RENTAL EDUCATION AND COUNSELING SERVICES HELP CLIENTS LOCATE AND MAINTAIN AFFORDABLE RENTAL HOUSING. HIP'S COUNSELORS ASSIST WITH HOUSING SEARCH STRATEGIES, FINANCIAL CAPABILITY, TENANT RIGHTS EDUCATION, EVICTION PREVENTION, AND COMMUNICATION WITH LANDLORDS. SERVICES INCLUDE RENT AFFORDABILITY ANALYSIS, IDENTIFICATION OF AFFORDABLE HOUSING OPPORTUNITIES, CREDIT BUILDING, BUDGET ANALYSIS, GROUP EDUCATIONAL SESSIONS (VIRTUAL AND IN PERSON) ON LOCAL AND STATE RENT LAWS, FAIR HOUSING RIGHTS EDUCATION, GUIDANCE ABOUT THE LOCAL EVICTION PROCESS, AND APPLICATION ASSISTANCE FOR EMERGENCY RENT ASSISTANCE AND ALL OTHER RENTAL AND UTILITY ASSISTANCE RESOURCES. HOUSING STABILIZATION - HIP IS THE LEADING PROVIDER OF RAPID REHOUSING SERVICES IN PRINCE GEORGE'S COUNTY. RAPID REHOUSING FOLLOWS A HOUSING FIRST APPROACH AND IS A PRIMARY SOLUTION FOR ENDING HOMELESSNESS. HIP'S CASE MANAGERS PROVIDE HOUSING IDENTIFICATION SERVICES, SHORT-TERM RENTAL ASSISTANCE, AND CASE MANAGEMENT SERVICES TO HELP INDIVIDUALS AND FAMILIES TO QUICKLY EXIT HOMELESSNESS AND SECURE PERMANENT HOUSING. CASE MANAGEMENT SERVICES INCLUDE ASSESSMENT OF BARRIERS TO HOUSING RETENTION, CREATION OF HOUSEHOLD BUDGETS, DEVELOPMENT OF INDIVIDUALIZED HOUSING STABILITY PLANS, TENANCY SKILLS EDUCATION AND COACHING, CONNECTION TO MAINSTREAM BENEFITS AND COMMUNITY RESOURCES, AND ADVOCACY WITH PROPERTY OWNERS AND SERVICE PROVIDERS. THE PROGRAM'S INTENSITY ADJUSTS BASED ON ONGOING ASSESSMENT AND CLIENT PROGRESS.HOME SHARING - HIP LAUNCHED A HOME SHARING PILOT PROGRAM IN JANUARY 2021, IN PARTNERSHIP WITH MONTGOMERY COUNTY DEPARTMENT OF HEALTH AND HUMAN SERVICES (DHHS), IN WHICH HIP FACILITATES STABLE ROOM RENTAL AGREEMENTS BETWEEN HOMEOWNERS AND HOME SEEKERS. THE GOAL OF THE PROGRAM IS TO HELP OLDER HOMEOWNERS AGE IN PLACE BY REDUCING SOCIAL ISOLATION, CREATING MONTHLY INCOME FOR THE HOMEOWNERS, AND ENCOURAGING LONG-TERM RENTAL AGREEMENTS WHERE THE RENTER MAY ALSO ASSIST WITH EXTRA HOUSEKEEPING, ERRANDS, OR TRANSPORTATION HELP IN EXCHANGE FOR LOWER RENT.FINANCIAL EMPOWERMENT CENTER - THE GAITHERSBURG FINANCIAL EMPOWERMENT CENTER OPENED IN MARCH 2022 AS A PARTNERSHIP BETWEEN THE CITY OF GAITHERSBURG AND HIP AS THE NONPROFIT PROVIDER. THE MODEL CALLS FOR FINANCIAL COUNSELING AS A FREE PUBLIC SERVICE OF A MUNICIPALITY. HIP'S CERTIFIED FINANCIAL COUNSELORS PROVIDE FREE, CONFIDENTIAL FINANCIAL COUNSELING TO HELP INDIVIDUALS AND FAMILIES PAY DOWN DEBT, ESTABLISH GOOD CREDIT, DEVELOP BUDGETING SKILLS AND CONNECT TO SAFE, LOWCOST BANKING SYSTEMS. THIS APPROACH IS DATA-DRIVEN AND OUTCOME-FOCUSED, BACKED BY RESEARCH CONFIRMING THAT LOW- AND MODERATE-INCOME CLIENTS CAN MAKE SIGNIFICANT IMPROVEMENTS IN THEIR FINANCIAL SITUATION WITH FINANCIAL COUNSELING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR (RETIRED FEB. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF HOUSING COUNSELING PROGRAM
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PAST CHAIR EMERITAS
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IRS990/MissionDesc0HOUSING INITIATIVE PARTNERSHIP, INC. (HIP) DEVELOPS INNOVATIVE AFFORDABLE HOUSING, REVITALIZES NEIGHBORHOODS AND EQUIPS PEOPLE TO ACHIEVE THEIR HOUSING AND FINANCIAL GOALS. HIP'S VISION IS THAT EVERY PERSON LIVES IN HIGH-QUALITY AFFORDABLE HOUSING IN A THRIVING COMMUNITY.
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IRS990/OtherRevenueMiscGrp/Desc0DAMAGES & CLEANING
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IRS990/ProgSrvcAccomActy2Grp/Desc0RESIDENT SERVICES - HIP'S CORES-CERTIFIED RESIDENT SERVICES PROGRAM ENSURES THAT OUR APARTMENT COMMUNITIES ARE MORE THAN BRICKS AND MORTAR THAT THEY ARE ALSO "HOME AND AN INTEGRAL PART OF THE LARGER NEIGHBORHOOD. OUR GOAL IS TO IMPROVE THE QUALITY OF LIFE AND SELF-SUFFICIENCY OF AT-RISK AND LOW INCOME COMMUNITY RESIDENTS AND TO HELP THEM SUSTAIN HOUSING THEY CAN AFFORD. HIP'S RESIDENT SERVICES PROGRAMS ARE ORGANIZED INTO FOUR AREAS: (1) HOUSING AND FAMILY STABILITY, (2) HEALTH, WELLNESS, AND NUTRITION, (3) EDUCATION, JOB SKILLS, AND COMPUTER TRAINING, AND (4) COMMUNITY AND CIVIC ENGAGEMENT. HIP'S RESIDENT SERVICE COORDINATORS ARE AVAILABLE IN-PERSON AND REMOTELY AS NEEDED, TO PROMOTE ECONOMIC SELF-SUFFICIENCY AND FOSTER CIVIC PARTICIPATION BY PROVIDING A WIDE RANGE OF PROGRAM SERVICES AND BENEFITS, INCLUDING EVENTS AND SOCIAL ACTIVITIES, TECHNOLOGY TRAINING, EMERGENCY ASSISTANCE, CONSULTATION AND REFERRAL ASSISTANCE, FINANCIAL LITERACY EDUCATION, AND JOB REFERRALS AND RESUME WRITING ASSISTANCE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0HOMEOWNER REHABILITATION - SINCE 2014, HIP HAS PARTNERED WITH THE PRINCE GEORGE'S COUNTY DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (DHCD) AND REDEVELOPMENT AUTHORITY OF PRINCE GEORGE'S TO MANAGE THE HOMEOWNER REHABILITATION ASSISTANCE PROGRAM (HRAP) IN WHICH THE COUNTY PROVIDES ZERO INTEREST DEFERRED LOANS TO LOW-INCOME HOMEOWNERS TO UNDERTAKE NECESSARY SAFETY, ACCESSIBILITY AND ENERGY-EFFICIENT UPDATES TO AGING HOMES. HIP PRE-QUALIFIES APPLICANTS FOR LOANS, ENGAGES CONSULTANTS TO PREPARE RENOVATION SCOPES OF WORK, BIDS OUT THE WORK TO QUALIFIED GENERAL CONTRACTORS AND SUPERVISES THE WORK. ALL PROGRAM PARTICIPANTS MEET WITH ONE OF HIP'S HUDCERTIFIED HOUSING COUNSELORS FOR A FINANCIAL COACHING SESSION REVIEWING THEIR BUDGET AND CREDIT AS WELL AS PARTICIPATE IN HIP'S HOME MAINTENANCE WORKSHOP.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0307676
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0SINGLE-FAMILY DEVELOPMENT - HIP PURCHASES AND RENOVATES VACANT AND DILAPIDATED SINGLE-FAMILY HOMES IN OLDER NEIGHBORHOODS (THE HIP HOMES). THESE HIP HOMES ARE SOLD TO QUALIFIED LOW- AND MODERATE INCOME FIRST-TIME HOMEBUYERS. IN SOME CIRCUMSTANCES, HOUSES ARE TORN DOWN AND REPLACED WITH NEW HOMES. REHABILITATED HIP HOMES TYPICALLY REQUIRE EXTENSIVE WORK AND ARE SUBSTANTIALLY RENOVATED WHEN COMPLETED. IN AN AVERAGE REHAB, HIP WILL REPLACE ALL MAJOR SYSTEMS (ROOF, GUTTERS, FURNACE, CENTRAL AIR, HOT WATER HEATER) AND THE ELECTRICAL SYSTEM. IN ADDITION, HIP REPLACES THE KITCHEN AND BATHROOM(S), INSTALLS ALL NEW APPLIANCES (GARBAGE DISPOSAL, DISHWASHER, REFRIGERATOR, STOVE, WASHER AND DRYER), AND REPLACES ALL ELECTRICAL FIXTURES AND FLOORING. AS A GREEN DEVELOPER, HIP PLACES SPECIAL EMPHASIS ON ELECTRIFICATION, 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.MULTI-FAMILY DEVELOPMENT - HIP DEVELOPS HIGH-QUALITY, GREEN, AFFORDABLE MULTIFAMILY RENTAL APARTMENT COMMUNITIES THAT SERVE LOW- AND MODERATE-INCOME RESIDENTS. IN SOME CASES, HIP ENTERS INTO A PARTNERSHIP WITH OTHER MISSION-DRIVEN FOR-PROFIT OR NONPROFIT DEVELOPERS TO CO DEVELOP RENTAL HOUSING IN MARYLAND. HIP HAS PLAYED A ROLE IN THE DEVELOPMENT OF NINE APARTMENT COMMUNITIES WITH OVER 600 UNITS OF AFFORDABLE RENTAL HOUSING ACROSS MARYLAND, INCLUDING PRINCE GEORGE'S, ANNE ARUNDEL, AND CECIL COUNTIES.
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