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.

WASHINGTON, D.C. (May 9, 2019) --- The Washington Housing Conservancy, an independent non-profit and long-term steward dedicated to the preservation and sustainability of affordable workforce housing in the Washington D.C. metro region, is pleased to be named a pre-qualified developer by Mayor Muriel Bowser under the District Opportunity to Purchase Act (DOPA).This classification further supports Washington Housing Conservancy’s objective of fostering dynamic connected communities and combating displacement.

 “The Washington Housing Conservancy looks forward to working hand-in-hand with the Mayor and other local housing organizations and service providers to create sustainable workforce housing communities, responding to the growing need of affordable options for workers in the DC region,” said Kevin Clinton, COO of Federal City Council, anon-profit comprising the area’s top business, professional, educational and civic leaders, and Interim Executive Director of the Washington Housing Conservancy.

 The DOPA law was enacted in 2008 and allows the District to buy residential rental properties that are put up for sale in order to ensure they remain affordable for residents. In November 2018 final rules went into effect, which allows the Mayor to assign the District’s purchase right to a developer. This May the Mayor announced a list of 40 pre-qualified DOPA developers who had demonstrated a commitment to successful experience in preserving affordable housing. The Washington Housing Conservancy looks forward to utilizing this distinction to further the vision of expanding workforce housing and preserving affordability in the DC metro region.

About the Washington Housing Conservancy

The Washington Housing Conservancy is an independent 501(c)(3) non-profit organization and long-term steward dedicated to preserving and sustaining affordable workforce housing opportunities in the Washington, DC metro area. The organization is on the front lines in the community, interfacing with both the residents and service providers, to combat the displacement of today’s workforce. The Washington Housing Conservancy is the human face and service-oriented outlet of the Washington Housing Initiative. For more information please visit www.washingtonhousingconservancy.org