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AARP AARP States Maryland Finances 50+

Live in Montgomery County? Consider the Benefits of Home-Sharing

Close-Up Of House Keys Over White Background

Home-sharing can be a win-win solution for Montgomery County renters and homeowners. AARP Maryland is sharing information about this county-level program as a service to our members. Read more and learn how to participate.

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Montgomery County Department of Health and Human Services (DHHS) authorized the nonprofit Housing Initiative Partnership (HIP) to launch the Montgomery County Home-Sharing Program in 2021 to match older homeowners who have a spare room in their home with compatible home seekers looking for an affordable and safe place to rent for longer than six months.

Senior couple moving house, unpacking car

HIP is a green housing developer and HUD-approved housing counseling agency with offices in Germantown and Gaithersburg. Home-sharing counselors and case managers employ a thoughtful process that includes discussing a homeowner’s preferences and needs to identify potential housemates with compatible interests. Background checks are mandatory for both homeowners and home seekers. HIP will facilitate client meetings and help negotiate the home-sharing arrangement and lease agreement.

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The benefits of home sharing are many. It can: help reduce feelings of social isolation for seniors who want to age in place, create an additional stream of monthly income to help meet household expenses, and identify a housemate who could share light housekeeping chores and run errands in exchange for a reduced rent.

Average home-sharing rents range from $750 - $1250, depending on the size of the room and amenities offered in the home. To learn more, contact me at 301-85-SHARE (301-857-4273) or go to the website at www.HIPhomes.org/home-sharing.

HIP services are offered free of charge. Homeowners must reside in Montgomery County, while home seekers from any location can participate. HIP staff are involved in the process from sign-up through matching, ensuring careful vetting of rental applicants and monitoring once a match is made.

*Note: This is not an AARP-sponsored program. All information provided to the HIP is governed by its data policy.

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