News & Views

October 8, 2019
News

Here’s How Creative Partnerships with Nonprofit Developers Can Ease the Affordable Housing Crisis

In response to the DC affordable housing crisis, United Bank is committed to investing in “justice housing,” where affordability n neighborhoods is combined with proximity to essential resources and opportunities regardless of income. One of United’s partnerships is with the Washington Housing Initiative Impact Pool, described by Joseph LeMense, Managing Director of Community Development and Nonprofit Banking, as a “high-impact initiative that align[s] with our commitment to building stronger communities,”and this partnership shows that creativity and innovative public-private partnerships are they key to long-term change on the workforce housing landscape.

October 8, 2019
News

Here’s How Creative Partnerships with Nonprofit Developers Can Ease the Affordable Housing Crisis

In response to the DC affordable housing crisis, United Bank is committed to investing in “justice housing,” where affordability n neighborhoods is combined with proximity to essential resources and opportunities regardless of income. One of United’s partnerships is with the Washington Housing Initiative Impact Pool, described by Joseph LeMense, Managing Director of Community Development and Nonprofit Banking, as a “high-impact initiative that align[s] with our commitment to building stronger communities,”and this partnership shows that creativity and innovative public-private partnerships are they key to long-term change on the workforce housing landscape.

September 19, 2019
News

How Anchor Companies are Tackling Affordable Housing Issues in their Communities

In a panel hosted by Fannie Mae and Urban Institute, AJ Jackson, Executive Vice President of Social Impact Investing for JBG Smith, shared the impact affordable housing can make on a region: “What we as a company realized is that housing is critical to infrastructure. It’s as important as transportation and education for the region’s long-term growth and health. The Washington Housing Initiative became our solution to use our skills and talents as a company to try and address affordable housing.” Jackson also discussed the Impact Pool, which provides secondary financing to acquire or develop affordable housing communities, enabling the owners and developers to secure long-term, lower-cost permanent financing.

September 19, 2019
News

How Anchor Companies are Tackling Affordable Housing Issues in their Communities

In a panel hosted by Fannie Mae and Urban Institute, AJ Jackson, Executive Vice President of Social Impact Investing for JBG Smith, shared the impact affordable housing can make on a region: “What we as a company realized is that housing is critical to infrastructure. It’s as important as transportation and education for the region’s long-term growth and health. The Washington Housing Initiative became our solution to use our skills and talents as a company to try and address affordable housing.” Jackson also discussed the Impact Pool, which provides secondary financing to acquire or develop affordable housing communities, enabling the owners and developers to secure long-term, lower-cost permanent financing.