• No results found for this search.
CLOSE SEARCH

Housing Initiative Partnership, Inc. (320 Lincoln Avenue Project)

Overview


An Energy-efficient Redesign Creates Affordable Housing Opportunity on Lincoln Avenue

In Spring 2021, the City of Takoma Park received notification of the pending sale of a small cottage on Lincoln Avenue. Because the property was a rental, and the existing renter had declined to purchase the home, the City could exercise its right to purchase the property through the Tenant Opportunity to Purchase Law (TOPL). At that time, the City selected the nonprofit developer, Housing Initiative Partnership, Inc. (HIP), to develop the property into an affordable homeownership opportunity. HIP is a 30-year-old housing developer and counseling agency specializing in transforming small, underutilized, and inefficient spaces for sale to first-time homeowners

HIP’s renovation plan nearly doubles the amount of living space by building a vertical addition that will accommodate a total of 4 bedrooms and 2 full bathrooms. Additional improvements are focused on increasing insulation, adding new windows and roofing in line with Energy Star recommendations, and eliminating all gas and oil appliances, which contribute to carbon pollution

Upon completion, the home will be sold to a qualified first-time buyer earning less than 120% of the area median income. Buyers must attend a Homebuyer Education Workshop and complete pre-purchase counseling with HIP’s certified housing counselors.

The Lincoln Avenue Project advances the Council’s goals to preserve affordable housing stock and provide “missing middle” homeownership opportunities; improve the physical condition, safety, resiliency, and energy efficiency of existing housing; and build partnerships with other organizations to advance the City’s housing goals.

 

Current Status:

Demolition begins the week of November 29, 2021

Project Lead and Contact Information:

Jocelyn Harris, Senior Housing Developer
Housing Initiative Partnership, Inc.
jharris@hiphomes.org / 301-699-1222

Grayce Wiggins, Housing Manager
City of Takoma Park
Graycew@takomaparkmd.gov / 301-891-7222

Quick Links

Project Information & Timeline

  • Target Completion Date: 2022 Late Summer/Early Fall
  • Takoma Park’s role in the project: Partner
  • Departments involved: Housing and Community Development

Budget and Funding Sources

  • $200,000 loan from City’s Housing Reserve Fund
  • $175,000 grant from the Maryland Department of Housing and Community Development’s National Capital Strategic Economic Development Fund
  • Balance from Housing Initiative Partnership

Links:

 

Project Directory Sections