July 20, 2016

Spotlight on HOME: Oakwood Family Homes in Maryland

For over 20 years, the HOME Investment Partnerships program (HOME) has played a critical role providing affordable housing opportunities to seniors, people with disabilities, low-income families with children, veterans, and people experiencing homelessness. Despite the program’s success, HOME funding has been deeply cut in recent years. The “Spotlight on HOME” blog series focuses on the individuals and families served by HOME and what is at stake if the program is further cut.

Oakwood Family Homes

While Elizabeth has had her share of hardships in her 61 years, she never gave up her hope.

In 1998, Elizabeth became disabled due in an auto accident that killed one of her two children and left the other severely disabled. Unable to work, she and her daughter lived with her father and younger sister—who had been born with severe developmental disabilities and needed live-in care—until her father’s death in 2007. Because the home had a reverse mortgage, Elizabeth and her family were evicted and became homeless. For three years, the family slept in a different church each week during the winter months and lived in a tent in the woods during the summers.

Elizabeth’s fortune changed in 2013 when she learned about Oakwood Family Homes, a 22-unit, affordable housing development targeted to low-income families in Glen Burnie, Maryland. Oakwood Family Homes was developed by PIRHL, LLC and operates as a Lease Purchase Program. Under the program, residents have the option to purchase their homes after renting for 15 years.

To help support the development, ACDS provided PIRHL a $670,000, low-interest HOME loan. The project also leveraged $940,000 in state funds, $1.2 million in private loans and developer equity, and $5.5 million in Low Income Housing Tax Credits.

In 2014, Elizabeth and her family moved into their fully accessible apartment and are so grateful for their new home. “I came from an upper middle-class family and I lost everything in a blink of an eye. It just shows that everyone is one crisis away from being in the woods.”

Project Highlights

  • Location: Glen Burnie, MD
  • Project: Lease-Purchase Rental Housing Development
  • HOME: $670,000
  • Total Cost: $8.3 M
  • Other Federal: $5.5M Low Income Housing Tax Credits
  • Units: 22
  • Districts: MD-04

About Arundel Community Development Services

Arundel Community Development Services (ACDS) is a nonprofit organization in Anne Arundel County, Maryland that is dedicated to serving low- and moderate-income households by creating and retaining affordable housing, promoting homeownership, facilitating neighborhood revitalization strategies and programs, preserving the county's rich cultural history, and implementing community development programs to serve residents most in need.

ACDS administers the HOME Investment Partnerships (HOME) program on behalf of Anne Arundel County to provide first-time homebuyer assistance and owner-occupied rehabilitation, as well as to develop affordable rental units. ACDS’s HOME funds leverage private financing, state funding, and federal Low Income Housing Tax Credits, in addition to a $270,000 county match and $250,000 in program income.

For more information about Arundel Community Development Services, please contact Erin S. Carpewicz at (410) 222-7600 or ekarpewicz@acdsinc.org.

About HOME

In October 2015, the HOME Coalition published the Building HOME report analyzing the economic impact of HOME nationwide and in all 50 states. The report also features a collection of more than 100 HOME Success Stories

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