HIP Homes Single-Family Homeownership Program

HIP Homes Single-Family Homeownership Program is a first mortgage for homebuyers in Prince George's County, Maryland, administered by Housing Initiative Partnership, Inc. (HIP). Housing Initiative Partnership (HIP) buys and substantially rehabilitates vacant single-family homes and builds new construction in older inner-beltway Prince George's County neighborhoods, then sells these HIP Homes to first-time Maryland homebuyers earning 80% or less of AMI. Homes are practically new when completed, with all major systems replaced and green building features. Buyers must complete HIP HUD-certified homebuyer education and qualify for conventional or government-backed financing. Substantially renovated or newly constructed home. All major systems replaced. New kitchen, bathrooms, appliances. Energy- and water-efficient green construction. Homebuyer education and counseling support.

HIP Homes Single-Family Homeownership Program is a first mortgage and is repaid under the terms set by Housing Initiative Partnership, Inc. (HIP). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

HIP Homes Single-Family Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Cannot have owned property in Maryland within the past three years. A homebuyer education course is required, through HIP HUD-Certified Homebuyer Education Program (workshop and one-on-one counseling). Residency requirement: No residency requirement; homes located in older inner-beltway neighborhoods in Prince George's County. Must join HIP Interest List to be notified of upcoming homes; sold on rolling basis. Single-family contact: Dorothea Parker, dparker@hiphomes.org. Website income limits reflect June 2025 HUD figures ($131,000 for 4-person); 2024 brochure shows $123,750 — use website for current limits.

HIP Homes Single-Family Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Households must earn 80% or less of AMI based on household size. 4-person limit $131,000 (effective June 1, 2025). The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

HIP Homes Single-Family Homeownership Program can be used for Single Family and Townhouse. New construction is eligible. Manufactured homes are not eligible.

HIP Homes Single-Family Homeownership Program serves homebuyers purchasing in Prince George's County, Maryland. The program targets specific areas: Older inner-beltway neighborhoods in Prince George's County, MD (e.g., Palmer Park, Fairmount Heights). Targeted neighborhoods: Palmer Park, Fairmount Heights, and other inner-beltway Prince George's County neighborhoods.

Applications for HIP Homes Single-Family Homeownership Program go through Housing Initiative Partnership, Inc. (HIP), which publishes the current terms and the application steps on its own site. Funds are reserved through Interest list; first-come first-served pending availability. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.