H.O.P.E.’s overall purpose is to increase financial literacy awareness, and sustainable homeownership. Our programs involve Education and Counseling. “H.O.P.E. Inc. believes that: Knowledge is Power! Homeownership is the primary means for working families to build assets. H.O.P.E. offers a wide range of services de-signed to foster self-sufficiency and help people find and keep the housing that meets their needs.
• Pre-Purchase Homebuying Counseling
• Budget and Debt Counseling
• Foreclosure Intervention
• Credit Counseling
• Financial Management Counseling
• Predatory Lending Counseling
• Pre-Purchase & Post-Purchase Homebuying Education
• Financial Literacy
• Effective Credit Management
• Money Management and Debt Elimination
• Architectural / Development Services
Pre-purchase education provides general information about the home buying process to a group of potential homebuyers, in a classroom setting. This includes but is not limited to information on down-payment assistance programs, closing costs, title companies, home inspections and various financing options.
Post-purchase Education & Counseling (Loss Mitigation)
Post-purchase education gives homeowners instruction to make homeownership sustainable in a classroom setting, while counseling involves one-one-one crisis intervention to help homeowners who are in trouble of maintaining homeownership. The crisis intervention is a major component of our counseling services; to help people who have fallen behind on their mortgages take the steps they need to save their home from foreclosure. The consumers’ only defense is to know their options, to be informed, i.e. educated so they can make a wise decision during the loan process.
H.O.P.E. participates with the Coalition for Homeownership Preservation in Prince George’s County in providing the foreclosure prevention seminars that is held each Thursday in the County.
Financial education fosters financial stability for individuals and for the entire communities. The more people know about credit and banking services, the more likely they are to change their spending habits, sustain homeownership, and improve their financial health and well being. Our curriculum helps individuals and families build financial knowledge, develop financial confidence and use banking services effectively. These programs are designed to improve the financial stability of homeowners and to allow them to keep their homes or, if that is not possible, to find other suitable housing.
A goal of H.O.P.E. is to maximize homeownership through retention of the home for borrowers that are in default of their mortgage and/or experiencing a hardship paying their mortgage. Default prevention services provide remedial crisis intervention, primarily through one-on-one counseling delivered in-person or over the telephone.
Default prevention programs address the needs of homeowners who have not yet encountered a problem in meeting their mortgage obligations, but know that mortgage rate is resetting or anticipate a financial hardship.
Back To Work Program
Housing Options & Planning Enterprises, Inc. is here to help you get the required counseling that is needed to obtain a new FHA mortgage – even if you’ve recently lost your home or declared bankruptcy.
Under the new federal program called “Back to Work – Extenuating Circumstances”, if you have had a foreclosure, short sale, deed-in-lieu of foreclosure, or have declared bankruptcy you may qualify for a new home loan if you are back to work and can document the extenuating circumstances. Housing Options & Planning Enterprises, Inc. is one of the few certified housing counseling agencies administering the necessary counseling.
FHA will consider you for eligibility if you had a financial hardship in the past but can now document the following circumstances about yourself:
1. You meet FHA loan requirements
2. You can document the mortgage or credit problems resulted from a financial hardship
3. You have re-established a responsible credit history
4. You have completed HUD-approved housing counseling
A lender will first have to determine if you meet the FHA loan requirements before you can apply for a FHA loan under the Back to Work program. You will need to explain how the financial hardship was something beyond your control that reduced your income or caused you to lose employment. If your household income dropped by 20% or more for at least six months, it may count for this type of financial hardship.
To re-establish credit you must have a 12 month record of on-time rental housing payments with no delinquencies, and not have been 30 days late on more than one non-housing loan payment. If you still have any open collection or judgment accounts, then a “capacity analysis” will be done to see if you can repay those creditors.
For more info or to schedule an appointment please click here.
The VITA Program generally offers free tax help to people who make $53,000 or less and need assistance in preparing their own tax returns. IRS-certified volunteers provide free basic income tax return preparation with electronic filing to qualified individuals in local communities. They can inform taxpayers about special tax credits for which they may qualify such as Earned Income Tax Credit, Child Tax Credit, and Credit for the Elderly or the Disabled. VITA sites are generally located at community and neighborhood centers, libraries, schools, shopping malls, and other convenient locations.
Housing options & Planning Enterprises, Inc. offers the VITA program in Oxon Hill MD. Hours of Operation will be Tuesday – drop off from 2:00pm – 7:00pm Thursday from 5:00pm – 8:00pm and every other Saturday the first Sat from 2:00 pm – 4:00pm and the second Saturday from 10:00am – 3:00 pm with breaks from 12:00 – 1:00pm. Please download the intake form and call to schedule an appointment.
Items You Need to Bring
To have your tax return(s) prepared at a VITA or TCE site you need to bring the following information with you:
- Intake Form, completed and signed
- Proof of identification – Picture ID
- Social Security Cards for you, your spouse and dependents or a Social Security Number verification letter issued by the Social Security Administration or
- Individual Taxpayer Identification Number (ITIN) assignment letter for you, your spouse and dependents
- Proof of foreign status, if applying for an ITIN
- Birth dates for you, your spouse and dependents on the tax return
- Wage and earning statement(s) Form W-2, W-2G, 1099-R, 1099-Misc from all employers
- Interest and dividend statements from banks (Forms 1099)
- A copy of last year’s federal and state returns if available
- Proof of bank account routing numbers and account numbers for Direct Deposit, such as a blank check
- Total paid for daycare provider and the daycare provider’s tax identifying number (the provider’s Social Security Number or the provider’s business Employer Identification Number) if appropriate
- To file taxes electronically on a married-filing-joint tax return, both spouses must be present to sign the required forms.
It is extremely important that each person use the correct Social Security Number. The most accurate information is usually located on your original Social Security card. If you do not have an SSN for you or a dependent, you should complete Form SS-5, Social Security Number Application. This form should be submitted to the nearest Social Security Administration Office.
To download Intake Form Click Here
To register for an appointment Call our office at 301-567-3330