Reflecting on 2024: A Year of Growth and Community Impact

Cole Larkins • December 4, 2024

As we approach the end of 2024, IHA reflects on our continued commitment to making homeownership attainable and affordable for families at or below a median income. This year has been one of growth, innovation, and impactful community partnerships.


A Personal Note from Cole Larkins

I joined IHA as the Frederick County Property Manager just over a year ago, bringing with me a diverse background in property and portfolio management, residential mortgage finance, and entrepreneurship. Following a pivotal moment in my life in late 2021, I chose to leave a successful career in Baltimore’s finance sector to pursue a path that aligned more deeply with my faith and values—a path focused on uplifting others and creating meaningful change.


This journey led me to IHA, where I have found profound fulfillment in serving our community and advancing our mission of affordable housing and homeownership.


Celebrating the New Homeownership Program

For more than a decade, IHA’s purchase & repair program has been a cornerstone of affordable homeownership in our region. In 2024, we have worked to sustain the availability of USDA-funded direct loans while also broadening our lending capacity within USDA guidelines. These efforts are designed to expand the scope of our services, ensuring we meet the evolving needs of our communities. We very much look forward to our continued facilitation of USDA loans in 2025.


We are also thrilled to announce a new initiative aimed at pairing households with community banks, lenders, and other resources outside the scope of USDA funding. This expansion reflects our commitment to empowering families with diverse financing options and creating pathways to sustainable homeownership.

 

Community Partnerships

Collaboration is at the heart of everything we do. A special thanks to Danielle Adams of the Frederick County Building Industry Association for her invaluable support in fostering connections with local financial institutions. Dani’s efforts, alongside those of our community partners, have been instrumental in advancing affordable homeownership. We also extend our gratitude to the following community partners and their team members:



Woodsboro Bank: Richard Ohnmacht, Thomas Ramsay, and Erin E. Dietrich

Patriot Federal Credit Union: Tricia Wareham

Sandy Spring Bank: Kelly Vita and Houston Darling

ACNB: Art Rathell

Nymeo Federal Credit Union: Gwen Farrell, Marie Zinnert, and Jason Ambrose

MLend: Chuck Via

Building the Future

Looking ahead, we are excited about the opportunities for new housing developments and deeper collaborations with regional nonprofits who share our mission of affordable homeownership. Technological advancements are also driving our efforts, as we fully integrate Salesforce and AI into our administrative processes to better serve our clients and community.


An Entire Team Effort – Thank You Team!

Our success reflects the dedication and collaboration of our incredible team:


Program Leadership & Team: I am grateful for the guidance of Jodie Ostoich, our President and CEO, Rachel Gardner, our Programs and Grants Director, and Lacy Allen, our Financial Health and Digital Engagement Manager. Their leadership inspires our mission and fuels our success particularly in the homeownership program.


Finance Leadership & Team: A special thank-you to Anna Rini and her exceptional team for their expertise and support throughout my transition into the homeownership program.


Technical Assistance Partners: Frank Datillo and Jill Lordan of NeighborGood Partners have provided invaluable expert guidance, helping us navigate and strengthen our programs.


Property Management Leadership & Team: Crystal Thomas and her team have done an outstanding job at the Residences at Railroad Square in Brunswick, MD, ensuring families have a beautiful place to call home. Their hard work and collaboration have helped me grow and thrive at IHA.


A Season of Gratitude

As I celebrate my first anniversary at IHA, which I marked on November 14, 2024, I feel immense pride and gratitude for the work we have accomplished together. This year has been a true labor of love, and I look forward to the continued growth and impact we will achieve in the years ahead.

From all of us at IHA, we wish you a happy, healthy, safe, and prosperous holiday season and new year.

Warm regards,

Cole Larkins

Homeownership Program Manager

Volunteer Spotlight

By Vickie Mills • March 4, 2026
Veridian Capital Partners Brightens Weinberg House with Hands-On Volunteer Work On Friday February 20, 2026, the team from Veridian Capital Partners, led by founding partners Brian Runkles, CFP, Chandru Ramachandran, CFP, and Brian Williamson, CFP, brought a splash of color—and a lot of heart—to Weinberg House. The group dedicated their time and resources to repaint the hallway rails and residents’ doors, transforming the spaces leading into each apartment. Built in 1995, Weinberg House has long been a warm and supportive home for its residents. The recent makeover not only lifted the spirits of the IHA staff and residents, but also gave the building a refreshed, welcoming appearance that reflects the care and community within its walls. “It’s incredible to see the space come alive with new color, and the joy it brings to our residents is priceless,” said a member of the Weinberg House staff. Thanks to the generosity and hands-on effort of Veridian Capital Partners, Weinberg House is now brighter, more inviting, and a testament to the power of community collaboration.

Unity Campaign 2026

By Lacy Ames • March 4, 2026
Stronger Credit. Stronger Families. Stronger Frederick. The 2026 Unity Campaign & IHA’s Credit Café Interfaith Housing Alliance (IHA) is proud to participate in the 2026 Unity Campaign for Frederick County. What is the Unity Campaign? The Unity Campaign is Frederick County’s annual, fully online giving event that brings together local nonprofits, sponsors, and community members for one powerful purpose: strengthening our community together. Every dollar you donate goes directly to the nonprofit of your choice — and we hope you’ll choose Interfaith Housing Alliance. Why Your Support Matters All nonprofits participating in the Unity Campaign serve ALICE households. ALICE (Asset Limited, Income Constrained, Employed) families earn above the Federal Poverty Level, yet still struggle to afford basic necessities like housing, childcare, transportation, food, and healthcare. In Frederick County, 36% of households fall into the ALICE category. That means more than one in three families in our community are working hard — but still living on the financial edge. It could be your neighbor. Your coworker. Your child’s coach. Your family member. Your donation helps create stability where it’s needed most. Where Your Donation Goes: The Credit Café Workshop Unity Campaign donations directly support IHA’s Credit Café Workshop — a completely free program designed to help individuals build stronger credit and greater financial confidence. Just $94.10 covers the cost of two credit reports for one participant. That one step can open the door to: Safer housing Lower interest rates Reliable transportation Better employment opportunities Credit impacts nearly every major financial decision — from renting an apartment to turning on utilities. When someone improves their credit, they improve their future. How the Credit Café Works The program combines education, personalized strategy, and continued support. Step 1: Group Education Participants attend a one-hour virtual workshop offered multiple times each month. They learn: How credit scores work What impacts their score How to build or repair credit Smart financial habits for long-term stability Step 2: One-on-One Advising Within one week, participants meet virtually with an advisor for a personalized 30-minute session. They receive: A free tri-merged credit report (pulled the day of the session) Help understanding their report A customized action plan with realistic credit goals Step 3: Continued Support Participants don’t navigate the process alone. Advisors follow up at 3 and 6 months (by text, email, or phone — participant’s choice) to check progress and provide guidance. They’re also invited back for: A second advising session An updated credit report The program is currently 100% virtual, with expanding hybrid options. Interpretation services are available at no cost in more than 240 languages. How to Donate There are two easy ways to support IHA through the 2026 Unity Campaign: Visit the campaign donation page and select Interfaith Housing Alliance: https://fundraise.givesmart.com/vf/UnityFC26/team/InterfaithHousing 2. Text the campaign code to donate directly: UnityFC2661 to 71777  Every gift makes a measurable impact. Not Able to Donate? You can still make a difference. Share this campaign. Talk about it. Spread the word. Community awareness fuels community change. Interested in the Credit Café Workshop? Contact Lacy Allen Email: lames@interfaithhousing.org Text: 301-818-5606 Together, we can build stronger credit, stronger families, and a stronger Frederick.

Spring Grant Updates 2026

By Rachel Gardner • March 4, 2026
Interfaith Housing Alliance (IHA) is proud to announce 12 funding awards totaling more than $333k during the last two quarters from our community partners. In September 2025, IHA was awarded two grants that will support the organization’s Financial Dignity and Empowerment Services. IHA received a $30,000 grant from the Maryland Department of Housing and Community Development’s (DHCD) Maryland Housing Counseling Fund (MHCF). IHA also received a $10,000 grant from Truist Financial Corporation. These grants will support the full spectrum of community programming we offer, including: group educational workshops on financial health; individualized financial coaching and housing counseling; and pathways to homeownership. In October 2025, IHA received a $125,000 grant from Morgan Stanley. This grant supports IHA in its ongoing quest to create and provide affordable housing opportunities for LMI community members. It also allows IHA to continue supporting community members through our Financial Dignity and Empowerment Services.. IHA was also awarded a grant by the Ausherman Family Foundation. This 2:1 matching grant will match up to $30,000 in donations raised from community members and IHA’s Board of Directors during the organization's 2025-2026 annual appeal. Funds will support the full range of IHA’s services and programming. In November 2025 and January 2026, IHA was awarded a total allocation of $45,000 in State tax credits through the Community Investment Tax Credit (CITC) Program of Maryland’s DHCD. Donors who make contributions of $500 or more to IHA in support of our mission are eligible to earn tax credits equal to 50% of the value of the money, goods, or real property contribution. These tax credits are in addition to the deductions on both Federal and State taxes as a result of the charitable contribution. In November 2025, IHA was awarded a $20,000 grant from Delaplaine Foundation, Inc. This grant supports three of IHA’s programs: Credit Café; Financial Freedom Bootcamp; and the Frederick Affordable Homeownership Incubator (FAHI). Credit Café participants work specifically on improving their credit. Financial Freedom Bootcamp builds critical foundational skills for financial success. FAHI is a new program in the planning phase that takes a multisectoral approach to affordable housing. IHA also received two funding awards in support of its Credit Café program. IHA’s $10,000 application to participate in United Way of Frederick County’s Annual Unity Campaign was approved. This approval enables IHA to participate in the Spring 2026 Unity Campaign alongside other local nonprofit organizations to collectively raise funds in the Frederick County community. IHA also received a $1,500 Community Grant from the Rotary Club of Carroll Creek (RCCC). Credit Café promotes financial stability among LMI households through group credit education and free, individualized credit advising. Participants partner with a financial coach to create a strategic plan to either build, boost, or improve their report. In addition, IHA received a $1,518.91 designated grant from The PNC Homeownership Fund of The Community Foundation of Frederick County. These pass-through funds will directly support low- to moderate-income (LMI) households in achieving homeownership in Frederick County. In December 2025, IHA was awarded a $55,676 grant from the Maryland Affordable Housing Trust (MAHT). This grant supports the rehabilitation of IHA’s Weinberg House. This 23-unit affordable rental community in Frederick, MD was originally built in 1994 and houses senior members of our community ages 62 and older with very low to moderate income. The rehabilitation project includes upgrades to heating, appliances, plumbing, drywall, flooring, lighting, cabinets, and countertops. IHA also received a $5,000 donor-advised grant from The Nicholson Family Fund of Morgan Stanley. These unrestricted funds will support all of IHA’s endeavors in strengthening the communities we serve.
Show More