Washington Housing Conservancy acquires first property! Read more at News & Views.
Preserving affordable workforce housing and serving as stewards for long-term affordability in the Washington area.
We will be on the front lines in the communities where we invest, working to combat displacement and help build connected communities through partnerships and resident-driven investments in neighborhood services and amenities.
Rising housing costs are placing a major burden on working families. The Washington Housing Conservancy is on the front lines in the community, combating displacement and interfacing with residents to help them realize their goals for their neighborhoods by promoting resident connectedness in its properties.
The Washington Housing Conservancy will acquire and develop affordable workforce housing in the Washington region and coordinate services for residents and communities. The Conservancy is part of the Washington Housing Initiative, a triple bottom line impact initiative that will have sufficient scale to preserve or build 3,000 units of affordable workforce housing across our region and serve as a model for systemic change.
The Washington region is losing affordable workforce housing as its population grows. This has led to consistent growth in the housing shortfall year over year.
The median rent in DC is rising much faster than median income, resulting in an unsustainable cost burden to DC’s working residents.
“The surge in high-income households puts upward pressure on house prices and rents, making it more challenging for both low- and middle-income households to find housing they can afford.” - Urban Institute