Five Minutes With Emi Reyes

October 20, 2023
October 20, 2023

The HAND network is hard at work to address the growing housing affordability challenge across the Capital Region. Five Minutes With is a series highlighting these members and other stakeholders. This informal conversation delves into their recent projects, the affordable housing industry, and more. In this edition, we had the pleasure to chat with Emi Reyes, CEO of the Latino Economic Development Center and HAND Board Member. Take a look at our dialogue below to discover Emi’s commitment to community development, diverse experiences, and insights on cultivating more equitable communities in the area.

HAND: The HAND Team is excited to have you on the Board of Directors! Can you tell us a bit about yourself and your past work experience?
ER: I am honored and thrilled to be a part of the HAND Team as a board member! My journey began in Washington DC, where I was born to Salvadoran immigrants. Their hard work and determination instilled in me a deep passion for entrepreneurship and community support. This drive has guided my career, culminating in my current role as the CEO of the Latino Economic Development Center (LEDC).

During my time at Bennington College in Vermont, I co-founded our college’s inaugural student farm, an experience that sparked my interest in working with agricultural entrepreneurs, particularly in Central America. Following my studies, I spent five years with Chipotle Mexican Grill, where I gained valuable insights and experience while managing locations across the DMV area and Albany, NY.

In 2018, I embarked on a new chapter by joining LEDC as an intern in the small business lending department. This led me to the role of loan officer which provided me with invaluable experiences, shaping my understanding of the unique challenges and opportunities faced by small businesses. It’s been an incredible journey, and I’m eager to bring this rich blend of personal and professional experiences to the Board of Directors at HAND. I am committed to leveraging my background and passion to contribute to the growth and success of the organization and its mission.

HAND: Tell us about how you plan to use your experience to inform HAND’s Board of Directors and staff.
ER: Over the years, I have cultivated strategic leadership skills from my work at LEDC where we constantly navigate challenges, identify opportunities, and execute strategic initiatives to drive growth and impact in our community. Also, working with diverse stakeholders, including government entities, nonprofit organizations, and community members, has allowed me to understand how to effectively engage with various groups. I plan to employ this experience in order to create meaningful dialogue and collaboration among HAND’s stakeholders, ensuring that our initiatives align with the needs and aspirations of the communities we serve.

HAND: What are you most looking forward to over the coming months at HAND? Are there any projects that you are particularly excited about?
ER: I am very excited about the GenerationHAND program. I believe that we have such an amazing opportunity to help bring up the next generation of community development professionals and leaders. Being able to offer our GenerationHAND Braintrust Committee’s experience to the industry’s emerging leaders is something that I am excited and proud to be able to offer.

HAND: One of the initiatives you’ll play a key role in is our GenerationHAND Braintrust Committee. What is one piece of advice you would give to professionals who are just starting out in this industry?
ER: One big piece of advice I’d give to up-and-coming professionals would be to build a diverse network that offers an array of perspectives and knowledge in a specific industry. In my experience working in the non-profit and CDFI industry, one of the most important things is that collaboration is key. Whether that is with government agencies, local organizations, community leaders, small business owners, or community residents— it is important to be connected to different areas of your field. It doesn’t only help on a personal and professional level, but it also enhances the work of the organization you are working at.

HAND: What is your “why” for working in this industry?
ER: My “why” for being a part of this industry is connected to my strong ties with my neighborhood and my commitment to ensuring that all residents benefit from community development. Growing up in DC, I’ve witnessed the progress and growth, but I’ve also seen that it hasn’t reached everyone. Many long-time residents are struggling with rising costs and limited opportunities.

I believe that true community development involves fostering an environment where all individuals can prosper. By working in this industry, we assume a pivotal role in closing these disparities by offering accessible financial resources and services to marginalized communities, enabling them to actively engage in the positive transformation and development occurring within their surroundings.

Being a part of this sector allows me to collaborate with other local organizations, community leaders, and residents to identify their specific needs and offer financial assistance or counseling to ensure they get exactly what they need. This work not only supports individual success stories but also contributes to the overall resilience and vitality of the community.

HAND: What might you be doing if you weren’t working in this space?
ER: If I weren’t working in this space, I believe my passion for the food industry would still guide my path. Growing up in a family of restaurant owners profoundly influenced my appreciation for the intricacies of the food lifecycle, from cultivation to cooking. During my time in Vermont, I worked in a restaurant and immersed myself in the kitchen environment, which I found exhilarating due to its intensity and demand for quick thinking.

I envision myself exploring opportunities that align with my love for food and the challenges of the kitchen. Whether it’s venturing into culinary entrepreneurship, sustainable agriculture, or culinary arts education, I am drawn to spaces that allow me to channel my full brainpower towards finding innovative solutions and contributing to the food industry in meaningful ways.

Five Minutes With Taylor Phillips

May 5, 2023
May 5, 2023


Taylor Phillips

HAND: The HAND Team is excited to have you on board as the Director of Public Policy! Can you tell us a bit about yourself and your past work experience?
Taylor: I’m so excited to join the HAND team! I’m originally from Gwinnett County, Georgia, right outside of Atlanta, but DC feels like a second home as I lived here for almost 6 years working in consulting in the federal government and social impact spaces. In my past work, I helped nonprofits and foundations trying to create a more equitable world define their vision and strategy, outline the steps it would take to get there, and evaluate what is working along the way. I’ve also worked with government clients to craft and execute their environmental policy agendas. Most recently, I continued to hone my cross-sector focused toolkit by completing a dual MBA/MPA with the Stanford Graduate School of Business and the Harvard Kennedy School of Government.

HAND: Tell us about your recent studies and how you will apply what you’ve learned in the classroom to your new role.
Taylor: My driving force behind studying business and policy in graduate school was to learn more about cross-sector approaches to combatting inequality and barriers to socioeconomic mobility for underinvested communities. My studies definitely strengthened my understanding of how to analyze, design, and implement strategies at the organizational or regional level and the leadership at all levels needed to get there. The interdisciplinary nature of my studies also reinforced for me the importance (and complexity) of collaborative action across sectors to help create a world where all people can thrive. I look forward to putting into practice the lessons learned in my role at HAND and continuing to learn from the team and the HAND community. 

HAND: What are you most looking forward to over the coming months at HAND? Are there any projects that you are particularly excited about?
Taylor: I’m really excited to meet more of the incredible HAND membership! There is such a rich variety of experiences and perspectives, and I’m eager to learn more about what folks are up to and what role the HAND policy agenda can play in helping to advance their work and have a positive impact on the lives of BIPOC residents of the Capital Region.

HAND: As the Director of Public Policy, you’ll be overseeing HAND’s advocacy work, including the Housing Indicator Tool (HIT). What value do you hope members can gain from the use and growth of the tool?
Taylor: By using the HIT tool, I hope members can find a helpful partner in better understanding what is going on across the regional housing landscape and their local jurisdiction, and advocating for changes that lead to reduced inequality in housing in our region. Overall, I hope the information that the expanded HIT offers can inspire members and spark conversation and action.

HAND: What is your “why” for working in this industry?
Taylor: What drives me is a vision of a world where zip code and race are not predictors of outcomes. I’m the daughter of a Trinidadian immigrant and an Atlanta native, and I have seen through my own family’s experience how place and race impact so much of people’s abilities to thrive. I believe that making a world that is more just and equitable requires redesigning systems and places. The housing and community development field at large is a powerful lever to do that, and I’m humbled to be able to work with people who are passionate about doing the work to create that world.

HANDWhat might you be doing if you weren’t working in this space?
Taylor: I studied civil engineering in school and for as long as I can remember I’ve been fascinated by how the built environment impacts people’s ability to thrive. I went into cross-sector work because I realized that it took more than physical technology to ensure the right things are getting built and that people who are most vulnerable can also benefit. But if I wasn’t doing this work, I’d likely be embracing the design and engineering parts of my brain and my love of making things as an engineer or architect. For now, I embrace that creative side at home through copious DIY projects!

 

Five Minutes With Ronette “Ronnie” Slamin

March 7, 2023
March 7, 2023

The HAND network is hard at work to address the growing housing affordability challenge across the Capital Region. Five Minutes With is a series highlighting these members and other stakeholders. This informal conversation delves into their recent projects, the affordable housing industry, and more. In this edition, we had a conversation with Ronette “Ronnie” Slamin, founder of Embolden Real Estate. Check out our dialogue below to learn about her development firm, what she believes women leaders of color in the real estate industry can do to move the needle in a different direction, and the importance of explaining the multiple levels of housing affordability.

HAND: Can you tell us about Embolden Real Estate and about how you landed in the real estate development industry?
RS: Embolden Real Estate is the company that I founded in 2021, a development firm with consulting services related to project management, entitlements, and community engagement. The name of my company came to me when I was reading a book on education, as I’ve always wanted to work at the intersection of housing and education to improve educational outcomes.

I landed in the industry of real estate by way of an undergrad professor Joseph E. Corcoran at Boston College, who was a successful developer and a pioneer of mixed-income housing. I had returned from a summer service trip to Jamaica and was interested in ways to improve the infrastructure in the remote town I volunteered in. Coincidentally I took his class and realized that real estate development was a great tool to address infrastructure issues such as roads, homes and schools.

HAND: What excites you about working in the real estate development industry?
RS: I am excited about how every day in real estate development is different and how many hats you must wear, from project management, financing, design, construction, property management and sometimes even a social worker. As a person who gets bored easily, I love that it’s always changing and keeps you on your toes. I also love that you can see the result of your hard work just by walking past projects you have completed. 

HAND:  Keeping in mind the history of racism and its impacts on housing, how can leaders of color or, more specifically, women leaders of color in the real estate industry move the needle in a different direction?
RS: The history of racism in the housing industry is a painful reality with deep-rooted impacts that continue to be felt today. I think as an industry, we can move the needle in the right direction by being intentional about creating diverse work cultures and pushing for affordable housing to be in high opportunities neighborhoods.

As a woman of color, I believe we need to be intentional about creating a welcoming space for women and people of color, and by doing so, we will create a welcoming space for all. Research shows that women usually take on more family and household responsibilities. As an industry, we can make an effort to support women by scheduling events at different times (not always in the evening), offering better benefits, and flex work from home. To support people of color in the industry, I think it first starts by increasing exposure to the field. The real estate field is an unknown industry to many, so I think we will start seeing more diversity by creating that exposure and awareness of the opportunities.

HAND: Do you believe there is a “secret sauce” to addressing housing affordability and creating more equitable communities in our region? If so, what do you think that is? What do you think is the most significant obstacle?
RS: I don’t think there’s a secret sauce, but I would say I think it requires creativity and collaboration. Housing affordability is a huge issue that will not be fixed overnight and requires different tools based on the deal. I think if we can work together we will be able to have a huge impact. I would consider the largest obstacle to be marketing and optics. I think the word affordable housing has just become such a loaded term, and with many definitions, we often do not realize that we may not be talking about the same thing. When you mention the word affordable housing, you can sometimes raise red flags where, even if many in the community would qualify for that affordable housing. So, I think marketing needs to explain the affordability levels, the quality, and the great positive outcomes that can come from affordable housing.

HAND: What is your “why”? What keeps you motivated to continue your work in this space?
RS: I stay motivated to work in affordable housing because of its impact on residents and communities. Knowing that you’re providing families a home, a place to create memories, a place to feel safe, and a place to grow is very rewarding and motivating.

HAND: What might you be doing if you weren’t working in this industry?
RS: I would probably be in the sports industry if I were not in real estate. I was working towards being a sports broadcaster or agent before taking that real estate development class in college.

Five Minutes With David Bowers & Paul Stanford

December 7, 2022
December 7, 2022


  David Bowers                      Paul Stanford 

To wrap up this year’s GenerationHAND mentorship program we interviewed one of our mentor-mentee pairings, David Bowers (Enterprise’s Vice President of the Mid-Atlantic Market and Senior Advisor of the Faith-Based Development Initiative) and Paul Stanford (Director of Grants Administration at the City of Baltimore Department of Housing & Community Development). During our conversation, Paul attributed a large part in obtaining his current role to David’s mentorship. David also highlighted the value of the insights he received from Paul, which led to interesting perspectives about approaches to life and work.

HAND: Paul, congratulations on your current role as Director of Grants Administration at the City of Baltimore DHCD! Can you tell us about your journey to this point and how your mentor, David Bowers, played a role in helping you to secure your current position?
PS: Thank you. My journey in the housing field started as an AmeriCorps Member with Habitat for Humanity of Michigan during college. The exposure I received seeing the positive impact Habitat for Humanity had on the community and families they helped become first-time homeowners gave me clear direction on the career field I wanted to pursue: housing. Specifically, affordable housing.

From there, I continued to expand my career and gained experience in different areas of housing, from housing counseling, foreclosure prevention, housing policy, program development, real estate development finance and managing large local rental housing and grant programs with different localities in Virginia, District of Columbia Government, and now the City of Baltimore.

My role as  is special because I play an important role in providing and managing millions of dollars in funding for housing and community development projects that will provide affordable housing and an economic impact on much-needed areas in Baltimore and manage a team of dedicated staff members. I now work in the city where I live and bought my first home. During the interview preparation stage for the position, I reached out to my mentor David Bowers for guidance and interview prep assistance. David previously served in a leadership role within Baltimore on its Affordable Housing Trust Fund Commission and would be a great asset in helping me prepare for my interview.

During our discussions, David provided me with expert-level training on one of the main grant programs I would be responsible for under the position and how to manage a team effectively. Having these discussions with David in preparation for the interview increased my confidence during the interview process, which eventually led to an offer and my acceptance as Director of Grants Administration.

HAND: David as the vice president and Mid-Atlantic market and senior advisor of the Faith-Based Development Initiative for Enterprise Community Partners, you lead a team that provides local developers access to financing and capacity building/technical assistance. Additionally, you are engaged with local coalitions advocating for increased resources for affordable housing and community development, among many other hats that you wear. Prior to joining Enterprise, you were a program manager for a single-family housing program at the AFL-CIO Housing Investment Trust, a financial and programs advisor at the Community Development Financial Institutions (CDFI) Fund, and worked in the office of U.S. Senator Barbara A. Mikulski. You have extensive experience in housing and community development, especially working in collaboration with public and private sector stakeholders in Baltimore and DC. Can you tell us how your mentors have assisted you along your journey? 
DB
Professional mentors have assisted me in my journey with several critical lessons. An early lesson was to be willing to stretch beyond my comfort zone to engage in an opportunity that would expand my horizons and provide me with strategic experience and exposure.  This is how I ended up doing appropriations work during my tenure working with former U.S. Senator Barbara Mikulski.  I was hesitant to take advantage of the opportunity because I didn’t think of myself as “a numbers guy” but more of a policy guy.  One of my mentors in the office essentially told me to sit down, shut up, and listen.  She then schooled me on the power of the appropriations process and how valuable it would be for me to learn that process and be in those rooms.  It was some of the best advice I have ever received.  A second lesson I was taught by a mentor was to think three moves ahead.  At one point, I was about to leave the Senator’s office to take a job that would have doubled my pay.  My mentor told me it was a nice next step.  But has counseled me to think of how it would position me for the second and third move after that.  He and I would play chess at times.  He always beat me.  Part of the reason is that he could consistently think three to four moves ahead.  I decided to stay on board and get more experience doing appropriations work.  That was a better long-term professional move for me though it required a short-term sacrifice financially.  A third lesson a mentor taught me was to always understand what I am looking to get out of an employment experience because the employer/company always knows what they are looking to get out of the employee.  Whether it is the impact I want to have via my labor or what I want for my own professional growth and development – be clear on what is in it for me.  She helped me understand the importance this plays in setting the dynamic for interaction over issues including work responsibility, pay, time and title.

HAND: Paul, why do you believe your mentor-mentee relationship with David was fruitful? Specifically, what actions or mindset did you have as a mentee that helped lead to the success of your relationship?
PS
No knock to present or past mentors in the program, but I have the best mentor. I could not have asked for a better mentor. David took the GenerationHAND mentorship program seriously by ensuring we met bi-weekly, took notes, followed up on challenges I faced, and met the entire scheduled meeting times. I respected our mentor-mentee relationship by being available and on time for scheduled meetings and being prepared to have open conversations with David.

My mentor-mentee relationship with David began before the opportunity with Baltimore. With David being previously involved with the City of Baltimore and having expert-level knowledge on one of the grant programs, I would be responsible for making me believe our mentor-mentee relationship and my current position with the City of Baltimore was meant to be.

HAND: David, what is something you took away from this program that surprised you?
DB
A pleasant surprise for me in the experience as a GenerationHAND mentor was the insights I received from my mentee. During our conversations, there were interesting exchanges where I heard interesting perspectives about approaches to life and work from a different view. A variety of factors were likely at play – being from different generations and having different life experiences.  I was surprised at how our conversations really became comfortable two-way exchanges.

HAND: Paul, what would you say to mentors and mentees considering joining the GenerationHAND mentorship program? 
PS
For those considering joining the GenerationHAND mentorship program, I would say do it. Mentors and mentees can benefit from each other and potentially create a long-term mentor-mentee relationship. Communication and setting meeting expectations are key to a successful mentor-mentee relationship.

HAND: David, why did you want to be a mentor in this program, and what advice would you give to future GenerationHAND mentors? 
DB
I was willing to be a GenerationHAND mentor because I believe strongly in giving my time, talent, and treasure to benefit others. Part of that is from a sense of religious obligation. Part of it is from a sense of moral and cultural obligation. Others have poured into me, so I am compelled to pour into others. My hope is that my insights, questions and listening ear….that the time I spent with my mentor will play some part in helping him have an even more abundantly successful career.  I believe each generation should go further than the one before–building upon prior generations’ work and lessons.  For future GenerationHAND mentors, I would suggest to be available, be open, be honest and be you.

 

Five Minutes With John Hall

November 21, 2022
November 21, 2022

The HAND network is hard at work to address the growing housing affordability challenge across the Capital Region. Five Minutes With is a series highlighting these members and other stakeholders. This informal conversation delves into their recent projects, the affordable housing industry, and more. In this edition, we had a conversation with John Hall, Loudoun County’s new Director of Housing & Community Development. Check out our dialogue below to learn about his nearly 30-year career, what excites him about working in the DMV region again, and what he believes is a “secret sauce” to creating more equitable communities in our region!

HAND: Congratulations on your new role as Loudoun County’s new Director of Housing & Community Development! You have extensive experience in housing and community development – can you tell us about your journey to this point?
JH: Thank you very much!  I cannot believe I have been working nearly 30 years.  My journey has been so fulfilling.  I am grateful for having the privilege to work with so many great communities.  I started in the banking industry with commercial loan servicing and real estate loan administration in Dallas, Texas.  I pursued graduate studies in New York to focus on poverty alleviation activities such as workforce development and all other social welfare policies.  I never imagined integrating my banking experience.  In fact, in my first position after graduate school, my boss told me she hired me because of my banking experience, which is what I was trying to escape.  What I found over the years is that the banking experience provided me with an acute awareness of affirmative covenants, regulatory requirements, as well as commercial acquisition and development knowledge.

I leveraged this knowledge with workforce development to build neighborhood assets with a couple of community development corporations in Texas.  As a non-profit developer, I worked with elected officials, board members and communities to increase rooftops and generate economic activity.  My position in Lubbock, Texas afforded me the opportunity to work with everyone in order to effectuate components of John McKnight’s Asset Based Community Development model. 

From there, I initially arrived in the mid-Atlantic region working at the US Department of Housing and Urban Development.  I endeavored to preserve affordable housing on a national level by working in the Mark-to-Market program with qualified non-profit organizations.  Wanting to be closer to the action, I became a field office director at HUD for the capital region and later for the Commonwealth of Virginia.  I left this role as I was appointed agency director for the District of Columbia’s Department of Housing and Community Development (DHCD).  We achieved a lot at DHCD with affordable housing production, but what I am most proud of is the interdepartmental collaboration that institutionalized permanent supportive housing using the agency’s annual consolidated Notice of Funding Availability.  Since then, I have gained more experience at the local level overseeing entitlement grants and public housing agencies.

HAND: You were once the director of DC’s Housing and Community Development Department. What excites you about working in the DMV region again?
JH: I am elated to return to the DMV.  There is no place that possesses the intellectual capital this region has.  I am among friends in the business and look forward to re-activating networks to do great things together that benefit the residents of Loudoun County and the whole region.

HAND: As director of a newly established independent department, what excites you about your leadership role in this new department? Do you foresee any challenges? Are there key takeaways from your experience thus far that you are bringing into your new position?
JH: I am excited about the commitment of Loudoun County’s elected officials to provide attainable housing for everyone.  The County’s Unmet Housing Needs Strategic Plan (https://www.loudoun.gov/5278/Unmet-Housing-Needs-Strategic-Plan) has 143 key action items for us to create the opportunity for victory throughout the county.  Implementing public policy is my forte, and I am overjoyed to join the team.

Housing and community development is hard everywhere. Immediate challenges will be adjusting to rising mortgage interest rates and inflation.  To mitigate this, we must optimize resources with strategic collaborations to produce results.

I have always maintained a strong focus on compliance.  That may go back to my banking days.  We want to spend money wisely and appropriately to reduce any chance of grantors requiring repayment.  I also know that we must be results driven in a relatively short timeframe. Having shovel-ready projects in the development pipeline is key to delivering for county residents.

HAND: According to our Housing Indicator Tool (HIT), 45 percent of renters in Loudoun County spend more than 30% of their income on paying rent. How do you see your role in helping to navigate this issue?
JH: Households should not be rent-burdened.  My objective is to triage this challenge in various ways.  One way is to examine transit-oriented development opportunities.  Metro’s Silver Line recently commenced service in the county.  I see this milestone as an effective way for households living near stations to bundle their housing and transportation costs to improve their quality of life.  Enhancing programming such as the Housing Choice Voucher Program is another mechanism to reduce rent burden.  Participants can leverage the voucher with the Family Self-Sufficiency Program to increase wages whereby the differential in the rent increase is matched by the program and set aside in an escrow account.  Often times participants earn enough for down payments to purchase a home while then using the voucher share toward a mortgage payment.  I would like to see more emphasis placed in this regard to increase homeownership, generate wealth and stabilize families.

HAND: Do you believe there is a “secret sauce” to addressing housing affordability and creating more equitable communities in our region? If so, what do you think that is? What do you think is the largest obstacle?
JH: I believe the secret sauce is collaborating partnerships, where all parties bring resources for a specified period of time.  I do believe, however, that despite competing priorities, we all get done what we want to get done.  We just have to identify partners with shared vision and commitment in making our communities stronger.

HAND: What is your “why”? What keeps you motivated to continue your work in this space?
JH: My upbringing emphasized for me to take care of people around me and not just family but neighbors and community.  So, I am motivated to be the voice for people who are not in the room and who may not know how to use available resources to improve daily living.

HAND: What might you be doing if you weren’t working in this industry?
JH: I would be teaching financial literacy to increase the number of people who break cycles of poverty. 

Help Arlington County Track How Their Broadband Stacks Up!

September 21, 2022
September 21, 2022
 

Arlington County launched a broadband study as part of its effort to make sure residents have affordable, reliable access to high-speed internet. Arlington County will track how they stack up with their digital eCheckup assessment. Please share widely among your network and, if applicable, with tenants at your property:

What the Inflation Reduction Act Could Mean for DC Residents and Businesses

September 21, 2022
September 21, 2022
 
Last month, President Biden signed the largest investment in climate infrastructure in U.S. history, the “Inflation Reduction Act”(IRA). IRA details many provisions centered around clean energy, and its’ goal is to have long-lasting, positive impacts on residents, businesses, and the environment. The White House launched CleanEnergy.gov to provide guidance on rebates and tax credits offered by the IRA. Below is an overview of what the law’s rebates and tax credits could mean for DC residents and business owners summarized from DCSEU’s more detailed analysis of the IRA’s effects in DC.
 
 
What could this mean for DC residents?
 
  • The 30% tax credit extension will make going solar even more attractive.
  • The addition of battery storage technology can help residents increase their home’s and the electricity grid’s resilience.
  • The increased cap on credits for making energy efficiency improvements in your home will encourage more investments on an annual basis. This provision will also allow for credits on home energy audits and electrical panel upgrades for residents to move toward electrification.
  • High-Efficiency Electric Home Rebate Act could help residents make infrastructure upgrades required to decarbonize and electrify their homes and makes it more affordable for residents making 80% to 150% of AMI. 
  • Home Energy Performance-Based Whole House Rebates will allow the opportunity for low-income residents to make crucial efficiency updates to their homes with less out-of-pocket expenses.
  • Energy Credit for Solar and Wind in Low-Income Communities could further encourage the development of community solar in low – to moderate income communities.
 

What could this mean for DC businesses?

  • Grants for State-Based Home Energy Efficiency Contractor Training could help the contracting community gain necessary training and certifications to meet market needs that will be accelerated by the IRA rebates and tax credits.

 

 
 

Five Minutes With Ayesha Hudson

August 9, 2022
August 9, 2022

The HAND network is hard at work to address the growing housing affordability challenge across the Capital Region. Five Minutes With is a series highlighting these members and other stakeholders. This informal conversation delves into their recent projects, the affordable housing industry, and more. In this edition, we had a conversation with Ayesha Hudson, the first loan recipient under  Equity in Action (EIA), HAND & Greystone’s debt and equity platform. Check out our dialogue below to learn about her 20+ year career, why she sought to get her project financed by the EIA, and what she believes is a “secret sauce” to creating more equitable communities in our region!

HAND: Congratulations on being the first loan recipient under HAND & Greystone’s Equity in Action program! We’ll get into that shortly, but first, can you tell us about your career journey up until this point?
AH: My career journey has been fulfilling! I am grateful to have achieved a 20+ year career in public service while simultaneously acquiring and managing investment properties. Both pursuits allowed me to impact others’ lives in very positively significant ways. When I consider my trajectory, it makes perfect sense that my path has led me to real estate development. I am motivated, through servant leadership, to create and preserve livable spaces in communities that are often overlooked. My varied career has given me a hands-on, inside look at my communities’ pain points while my empathy was groomed for action. I am looking forward to contributing more by way of quality, livable housing, and resident programming.  

HAND: Now, let’s talk about Equity in Action (EIA), a debt and equity platform designed to increase opportunities for black and brown real estate developers. Can you tell us why you sought to get your project financed by the EIA program?
AH: After engaging HAND’s membership and programming, I believed the EIA program was sincere.  Then when I met the lending team, I was convinced.  I began to see my loan application as a vehicle for positive change that would culminate with building improvements for my residents, growth of my business, and encouragement for other black and brown developers as they seek fair financing options.     

HAND: Tell us more about the project. What communities do you plan to serve, and what differentiates it from others in our region?
AH: This project is serving the beautiful Deanwood community, which has historically been underserved. I grew up within 3 miles of the building and would later respond to medical emergencies as a paramedic in this very neighborhood. While it can be a challenge to preserve housing in the lower socioeconomic areas of the District, our project fuses the business activity of real estate with a social responsibility to others. As an activated real estate development company, we are planning to add renewable resources and a more pleasing aesthetic to our block.  We are surrounded by neighborhood amenities, including public transportation and recreation making it a hidden jewel. We are looking forward to receiving some shine!  

HAND: How does it feel to be the first loan recipient under the Equity in Action program?
AH: I feel enthused, empowered, and better prepared to do this work!  My celebration, however, is tempered by the realization of the long-standing need for these kinds of lending initiatives. Once others follow, more black and brown developers can bring their full energy to the table so we may create better communities for our own communities. 

HAND: Many of us are familiar with the history of racism and its impacts on housing. Can you speak on how you approach your work in this space? How can developers of color in the real estate industry move the needle in a different direction?
AH: I approach my work in this space with a mix of empathy and realism. As I hone my development skills, I am guided by my spirituality and connectedness to the black community. Since my first investment in 1999, I have had an affinity for properties that, on first look, appear blighted. Knowing that our community yields so many hidden jewels, I am conscious of supporting it with the best intentions; financial reward has followed.  Moving any needle requires coordination and attentiveness.  As more developers of color align our skills, resources, and grit with one another, we will move the needle one project at a time. Relationship building and mentorship are integral to its success.      

HAND: Do you believe there is a “secret sauce” to addressing housing affordability and creating more equitable communities in our region? If so, what do you think that is? What do you think is the largest obstacle? –
AH: I believe the lack of housing affordability will need to be systematically dismantled through housing legislation. The laws that govern financing, tax implications, and subsidies present layers of restriction already germane in undervalued communities.  To me, the largest obstacle is fear of change.  The perceived social norms of poor people are woven into real estate development. As political decision-makers revamp laws to create more inclusivity, the housing landscape will inevitably change. 

HAND: What is your “why”? What keeps you motivated to continue your work in this space?
AH: I feel compelled to share my resources and influence in black and brown communities.  I enjoy working with people and being a part of a solution.  Being a housing provider allows me to take part in both callings. My grandfathers were involved in various real estate endeavors to include owning and operating a well-shopped convenience store in West Philly to running a farm in Waldorf, Maryland.  They imparted the importance of building a legacy, having self-reliance, and always sharing.  This opportunity to change my life and those around me is what keeps me motivated. 

HAND: If you weren’t working in this industry, what might you be doing?
AH: In my dreamt-up career, I’d be a part-time civil rights trial attorney who travels the world interviewing and writing about interesting people. 

Federal and Local Government Visit Spring Flats To Highlight Their Recent Investment in Affordable Housing

July 7, 2022
July 7, 2022



Pictured above from left to right: DC Mayor Muriel Bowser and HUD Secretary Marcia Fudge.
Photo Credit: ABC 7 News

HUD Secretary Fudge and DC Mayor Bowser visited Victory Housing’s Spring Flats development in DC to highlight actions they’re taking to increase the housing supply and lower housing costs. HUD’s Our Way Home is a national initiative that uplifts housing supply successes in local communities and connects cities, states, counties, Tribal communities, and U.S. Territories to the tools and resources needed to help preserve and produce affordable housing in their area. Our Way Home is an effort to build on the Biden-Harris Administration’s actions to address communities’ housing supply needs in an equitable, inclusive, and sustainable fashion. Mayor Bowser was also in attendance to announce the rolled out of a $1.4 billion investment in the DC’s Housing Production Trust Fund and the affordable housing toolkit in an effort to reach 36,000 new homes by 2025, including at least 12,000 affordable homes.

Spring Flats was the perfect setting for the announcements because of its’ affordable housing for seniors and families, homeownership opportunities and representation of the all-hands-on-deck approach that is needed for solving for the affordable housing crisis. Spring Flats is a combined redevelopment and new construction project completed in 2022 that was undertaken by a development team led by Victory Housing in partnership with Bank of America CDC and Brinshore Development. The new Spring Flats community consists of three different components: The Appleton, The Robeson, and The Rows at Spring Flats. A full description and images of the Spring Flats community can be found here.

Want to dig deeper? The articles below offer further details about HUD Secretary Fudge and DC Mayor Bowser’s recent investments in affordable housing.

Funding to Support Community-Centered BIPOC-Led Nonprofits’ Ability to Extend Services and Reach

July 6, 2022
July 6, 2022

BIPOC-led nonprofit organizations have limited access to equity building tools and resources. In partnership with Capital One, Prosperity Now is extending the Building High Impact Nonprofits of Color into the DMV area. This fund will grant $1.1 million to Prosperity Now, a national racial and economic justice nonprofit based in Washington, DC.  Prosperity Now will put the funds to immediate use to spark economic advancement and impact through empowering organizations that reflect the communities they serve. Prosperity Now will work with several organizations across the metropolitan DMV to provide leadership and capacity-building opportunities to advance their work. HAND is pleased to be participating in the cohort with the following organizations: 

  • Collegiate Directions 
  • Latino Economic Development Center 
  • LIFT-DC
  • Marshall Heights Community Development  
  • My Sisters’ Place 
  • Safe Sisters Circle 

Check out the official press release here.