What does it take to create or preserve affordable housing? What does it take to partner with and improve the quality of life for lower-income families and enhancing the economic diversity of communities all over the city?
These efforts, often spearheaded by the Coalition for Nonprofit Housing and Economic Development (CNHED) and its members, were celebrated during last week’s Community Development Week in D.C. The week of October 11th included events ranging from open houses to ribbon cuttings to groundbreakings, celebrating hundreds of affordable housing units being created or preserved all across the city.
This past Tuesday, to help launch Community Development Week, the Urban Institute published an online database highlighting one type of affordable housing in the District: assisted rentals.
Maintained by NeighborhoodInfo DC and CNHED, the database, called DC Preservation Catalog, contains a map of 39,000 affordable rental units spread out across the city. Along with the map, the catalog also offers property names, locations, and data on the various subsidies that contribute to a property’s affordability. This tool will be infinitely helpful to the DC Preservation Network (DCPN) and others, providing information that housing counseling organizations, legal services providers, affordable housing developers, local and federal agencies can use to assist lower-income renters in preserving their affordable rental housing over the long haul.
Over the past decade, the District has suffered a 50 percent loss in their low-cost housing supply due to a rapid rise in housing costs. The preservation of already existing affordable housing will ensure that lower-income residents will be able to stay in the communities that they have called home to for a long time.
And two more rental communities were added to the Preservation Catalogue last week! On Thursday, October 13th, MANNA hosted a groundbreaking event for the rehab of two rental buildings in Ward 4’s Brightwood neighborhood. The event featured guest speakers ranging from tenants, to DC’s Department of Housing and Community Development, city council members, banks, non-profit financiers and more.
Tenants in these buildings worked with the Latino Economic Development Center to exercise their Tenant Opportunity to Purchase rights when their buildings went up for sale. They selected MANNA to rehab their buildings and operate them as an affordable rental into the future. The financing MANNA is using, Low Income Housing Tax Credits, will keep the buildings affordable for residents under 60% of the Area Median Income for 15 years. These time frames are one of the most important things tracked by the Catalogue, allowing entities to keep tabs on when subsidies will expire and start conversations with owners and tenants early to ensure that the buildings will be maintained as affordable into the future.
Maintaining and preserving affordable housing should be one of the city’s top priorities. Councilmembers Todd, Silverman, and White are all committed to affordable housing in the city, but agree that more resources are required, and those resources need to be invested in the right things. As Councilmember Silverman pointed out, she and her peers are committed to affordable housing, “but it’s going to take a lot more time and resources.”
This groundbreaking event proved that it doesn’t take a lone individual to create change in affordable housing, but instead it takes a diverse community. Community organizers, policymakers, banks, District agencies and tenants all play a role. And although all these entities are involved, there is still a great deal left to be done to create more affordable housing.