2023 Housing Resource Guide

Housing

Ronald M. McCoy, Acting Executive Director

Greetings:

The 2023 Housing Expo is back and as in previous years has been a huge success! If you are in the market for a home, the Housing Authority of Prince George’s County partnering with the Maryland Association of Realtors are pleased to present the Housing Resource Guide to assist you with your purchase. Whether you are buying your first home, a larger home or saving your home from foreclosure, this Resource Guide can assist you. Prince George’s County has something for everyone, and we hope you will explore all the County has to offer.

In this Resource Guide you will find information about managing your credit, preparing to purchase a home, finding affordable housing and more. In addition, in the guide you will find contact information for all the housing industry professionals exhibiting at the Housing Expo today.

This year’s Housing Expo will highlight financial literacy, along with Homebuyer Assistance Programs and many other workshops specifically designed to educate and meet the needs of the attendees One of the activities at the expo will include a raffle of up to $2,000 to pay your rent or mortgage for one month. We will also feature Egypt Sherrod, television and radio host, real estate broker, designer, author, and life coach during our mid-day event.

The County has partnered with the State of Maryland’s Department of Housing and Community Development to bring this event to Prince George’s County.

Thank you for being a part of the Housing Expo and enjoy the day.

Sincerely,

Ronald M. McCoy Acting Executive Director

Please note that

Yolanda L. Hawkins-Bautista, Chair Board of Commissioners

Angela D. Alsobrooks County Executive

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FONDO DE ASISTENCIA PARA PROPIETARIOS

TALLER PARA PREVENIR EL EMBARGO HIPOTECARIO

Podría ser elegible para recibir ayuda GRATIS a través del Estado de Maryland si la COVID-19 ha afectado su capacidad de pagar su hipoteca u otros costos relacionados a la vivienda.

QUÉ DEB E TRAER

Toda la documentación relacionada a las hipotecas. Anteriores y la actual, incluyendo la solicitud de préstamo, los documentos de liquidación y los estados de cuenta de los prestamistas;

• Todas las notificaciones del embargo hipotecario o amenazas del embargo hipotecario si recibió alguna; y

• El presupuesto mensual del hogar y los talonarios de pago.

SABADO 17 DE JUNIO DE 2023 9:00 AM – 3:00 PM

Prince George's Strong:

Welcome Home Showcase

Wayne K. Curry Sports and Learning Complex

8001 Sheriff Road Landover, MD 20785

• Pagos de hipotecas (debe presentar una mora de 3 meses)

• Impuestos de la propiedad

• Pagos de préstamos para casas rodantes

• Moras por arrendamientos de terrenos o por rentas de terrenos

• Tarifa de asociación de los propietarios o para el mantenimiento del edificio

• Pago de los servicios de agua y alcantarillado

• Tarifas del seguro de la vivienda

• Reparaciones de la vivienda de crítico:

- Descontaminación de moho

- Extracción de pinturas con asbestos/plomo

- Falta de calefacción o aire

- Reparaciones eléctricas

- Reparaciones de plomería o sépticas

- Otros problemas estructurales y de mantenimiento

Para obtener más información, visite homeownerassistance.maryland.gov o llame al

833-676-0119

TTY: 711/800-735-2258

homeownerassistance.maryland.gov

Settlement

Settlement

WHO WE ARE

Housing Options & Planning Enterprises, Inc. (H.O.P.E.) is a non-profit, HUD Approved Housing Counseling Agency that helps people and families find and keep housing that meets their needs. Our high-quality services are designed to create self-sufficiency and enable disadvantaged populations to thrive in Prince George’s County and Southern Maryland. We also work collaboratively with Realtors, Non-Profits, and the Government to support our communities.

WHAT WE DO

H.O.P.E. believes that knowledge is power. We offer a wide range of services designed to increase financial literacy and expand access to sustainable homeownership.

1.Rental Counseling – advice on housing affordability, household budgets, establishing credit etc.

2.Pre-purchase Programs – counselling and classes about homebuying and overcoming barriers to ownership.

3.Financial Coaching – help people keep track of their finances, plan for the future, and choose financial products.

4.Post-purchase education – advice on understanding credit, budgeting and home maintenance.

5.Foreclosure Prevention – explaining options such as credit counseling, recertification, and reinstatement plans.

5.Loans – providing a financial buffer in a time of need, and helping clients apply for loan programs.

6.Affordable housing development and management – residential developments, improvement projects etc.

7.Financing Tools – delivering capital that lowers the cost of housing and providing affordable housing options.

TESTIMONIALS

“If you want to keep your home, call H.O.P.E. The counselors work with you...making the experience less stressful.” N.A.P Jr.

“You handled everything with such timeliness and concern. You gave me very good counsel along the way, never telling me what I wanted to hear, but what I needed to hear.” J. Spalding

"I have referred a lot of my friends that needed help to them (H.O.P.E.). Thank you very much.” K. Proctor

GET IN TOUCH

6188 Oxon Hill Road • Suite 700 • Oxon Hill, MD 20745

Phone: 301-567-3330 • Fax: 301-710-0607

hope@hopefinancial.org

www.hopefinancial.org

A happy place to call home

At Bank of America, we are committed to improving financial lives. We focus on issues that fundamentally connect to economic mobility — like workforce training, affordable housing and addressing basic needs. By partnering with organizations that drive local solutions, we can help people build better lives and create strong, sustainable local communities.

Visit us at bankofamerica.com/about.

List

List

Our Programs

June is National Homeownership Month!

The Maryland Mortgage Program helps homebuyers in Maryland achieve their dream of homeownership through a range of programs that make purchasing and owning a home more affordable.

Home Loan Programs

MMP home loans are available as either Government or Conven�onal insured loans. Government loans can be guaranteed by the Federal Housing Administra�on (FHA), the U.S. Department of Veterans Affairs (VA), or the U.S. Department of Agriculture/Rural Housing Service (USDA/RHS). Conven�onal loans may have higher interest rates but the private mortgage insurance cost could result in a lower overall monthly payment.

MMP has a dual track product line which includes the 1st Time Advantage loan products and the Flex products. We also offer some specialty loans for specific types of borrowers (with student debt, or purchasing in a par�cular loca�on). Product enhancements may also be available (special assistance grants or mortgage credit cer�ficates).

Your individual situa�on will determine which loan op�on fits you best. Talk to one of our state-approved mortgage lenders to learn more.

mmp.maryland.gov

ThankYou