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

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

Community & Local Government Impact of Foreclosure

7609 Barlow Rd, Palmer Park Unmaintained Properties -Deter homebuyers -Existing owners

7745 Burnside Rd, Palmer Park Decline in Health & Safety -Vandals -Squatters

8124 Allendale Dr, Palmer Park Declining property values

7521 Greenleaf Rd, Palmer Park Deterioration of Neighborhood Pride

7817 Allendale Dr, Palmer Park Strain on municipal resources

2005 Palmer Park Dr, Palmer Park Lost tax revenue

8143 Allendale Rd, Palmer Park Lack of resources and outside investment

Through Acquisition and Rehab Neighborhood Stabilization

7243 Hylton St & 7241 Hylton St, Seat Pleasant Transforms Blight

1823 Ray Leonard Rd, Palmer Park Tangible change within a short amount of time

1202 Benning Rd, Capitol Heights Relives burden of local authority

rd Ave, Cottage City Restores property back to the tax roll

7711 Greymont, Palmer Park Opportunity for homeownership

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

Successes Complete Rehabs Lower maintenance and utility costs for homeowner Contributes to long term affordability

Successes Community Support – Communication – Employment Eyes on the street Buy-in to the program Supplementary income New skills / trade – Bigger Picture What are the needs of the community? PGCC Landscaping Students

Ranging from minor repairs to total renovations 28 Owner Occupied Rehabs Owner Occupied Rehab

Street Scholarship HIP Services

Street Scholarship Sent more than 400 people to college classes

Challenges – Investors (Potentially) Thorough appraisals and inspections – Qualified buyers – Unpredictable market / Restoring faith in low/mod neighborhoods High quality rehabs Marketing assistance Incentivize purchase

Jocelyn Harris Housing Initiative Partnership, Inc