- ANNUAL MEETING
Join Mayor Muriel Bowser, District Government officials, stakeholders, and the community to show your support for affordable and workforce housing investments and preview the site of future workforce housing in the Marshall Heights neighborhood of Ward 7 in DC.
At the start of her second term, Mayor Bowser set a bold goal to deliver an additional 36,000 units of housing—including at least 12,000 units of affordable housing—by 2025. In addition, the Mayor has called on the entire region to work together to produce 240,000 additional housing units. In March, she introduced her Fiscal Year 2020 budget, which includes new housing investments under the DC Department of Housing and Community Development: a 30-percent increase in the Housing Production Trust Fund, bringing her annual investment to $130 million; an increase in the Housing Preservation Fund from $10 million to $15 million, which will yield an additional $45 million in private investment; and a new $20 million Workforce Housing Fund that will leverage private sector investment by 9 to 1, bringing the fund up to $200 million.
This event will take place on the site of Phase 3 of Cynthia Townhomes, which is part of the Housing Investment Platform of the DC Housing Finance Agency. All three phases total 15 townhomes, with five homes in each phase. Phase One is sold out, and three homes are reserved via pre-sale in Phases Two and Three. The homes are for households making no more than $140,600 (120% of the median family income in 2018).
You can register online here.
On Sunday, May 5th, A Wider Circle invites you to walk, run, bike, or ride to its Center for Community Service in Silver Spring, arriving anytime from 12:00pm – 4:00pm to engage in an afternoon of community-building activities.
The center is located at 9159 Brookville Road, Silver Spring, MD 20910 and, upon arrival, you will have the option to choose from a variety of family-friendly volunteer service projects! Click here to register.
Can’t make it on May 5? No problem! A Wider Circle invites schools, congregations and businesses to host community walks on their property from May 5th – May 11th.Email firstname.lastname@example.org if you would like to have a speaker from A Wider Circle at your community walk.
Walk sponsorships are available and include numerous opportunities with full branding and exposure as a community partner. Click here for details on sponsor levels and benefits.
People & Places 2019 is taking place April 15-17 in Arlington, Virginia! Eighteen national nonprofits have joined forces to present People & Places 2019, a national community development conference. Join placemakers from different places, races, and national networks to share local solutions to displacement, disinvestment, and racial inequity. The luncheon features a discussion on “People’s Right to Their Places: Community Accountability in an Age of Displacement” with community developers and organizers from Seattle, New York City, Los Angeles, and Washington, DC. Register by April 9 using these HAND discount codes: HANDpeople takes $100 off the 3-day rate. HAND1day takes $50 the 1-day rate.
The District of Columbia Housing Finance Agency (DCHFA) is celebrating its 40th year of serving the housing needs of Washington, D.C. residents. The DCHFA was established on March 3, 1979 to stimulate and expand homeownership and rental housing opportunities in the District. The Agency’s mission is to advance the District of Columbia’s housing priorities. The Agency invests in affordable housing and neighborhood development, which provides pathways for DC residents to transform their lives. The DCHFA accomplishes its mission by delivering the most efficient and effective sources of capital available in the market to finance rental housing and to create homeownership opportunities.
The Agency has expanded beyond traditional bond and tax credit financing with the Housing Investment Platform Single Family Investment Fund which partners with emerging developers to construct homes priced for workforce families earning up to 120 percent of the area median income. The Agency’s homeownership programs DC Open Doors and the Mortgage Credit Certificate along with its co-administration of HPAP helps to create new D.C. homeowners. While the foreclosure prevention program HomeSaver helps residents retain ownership of their homes.
The DCHFA’s investment in D.C. communities extends to supporting local education, youth and senior programs through the Agency’s Community Outreach Initiative.
The Agency’s goal is to spend its 40th year and many years to follow continuing to provide solutions in affordable housing for the residents of the District of Columbia.
HAND is pleased to announce that seven of its members are recipients of Capital Magnet Funds. The Capital Magnet Fund helps low-income families and economically distressed communities by attracting investment for affordable housing and related economic development. The Capital Magnet Fund provides competitively awarded grants to CDFIs and qualified non-profit housing organizations to develop, rehabilitate, preserve, and purchase affordable housing for Low-, Very Low-, and Extremely Low-Income families. Capital Magnet Fund awards can be used to finance affordable housing activities as well as related economic development and community service facilities such as day care centers, workforce development centers and health care clinics.
Of the 116 applicants, the Capital Magnet Fund awarded a total of 38 organizations, 14 of which are nonprofit housing organizations, and 24 of which are CDFIs. $142.9 million was awarded in total. Awardees plan to develop more than 25,700 affordable homes, including 23,000 rental units and 2,700 homeownership units. Combined, 95% of all housing will be developed for Low-Income Families (80% of the Area Median Income or below).
HAND members who received funding are as follows:
More details on the latest round of funding here. Congratulations to all awardees!
HAND's low-cost dues, customized training, and expansive network are only a few reasons why you should join the organization. Get connected today to take advantage of the multitude of benefits offered to our members.