- ANNUAL MEETING
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!
An interdisciplinary team of graduate students from the University of Maryland’s School of Architecture, Planning and Preservation landed one of four final slots in the sixth annual HUD Innovation in Affordable Housing (IAH) Student Design and Planning Competition. After beating out over 70 teams from some of the most prestigious graduate programs in the United States, UMD will go head-to-head against University of California-Berkley, Yale University and Virginia Polytechnic and State University on April 17, at HUD’s Washington, D.C., office to defend its winning title. UMD has reached the final four each year it has participated in the competition since 2016, winning second place in 2016 and first place last year.
“We are delighted to have made the final four in the three times that we have participated in this very prestigious competition,” said Maria Day-Marshall, Director of UMD’s Real Estate Development Program. “I believe our success is reflected in the interdisciplinary nature of the School of Architecture, Planning and Preservation, and the quality of work of our students.”
On Team Maryland is team leader Kyle Huck (M.ARCH, MRED); Casey Huntington (M.ARCH, MRED);Lauren Stamm (M.C.P.); Andrew Mazer (M.ARCH); and Nyasha Mandima (MRED). Day-Marshall and Bonstra/Haresign’s Rob McClennan, AIA, are the team’s advisors.
The HUD IAH challenges interdisciplinary, graduate-level teams to address social, economic and environmental issues surrounding a real-world housing problem in the United States by developing innovative and original solutions through development, design and finance. The competition is guided by the philosophy that ideas and innovations from the next generation of professionals are essential in tackling affordable and sustainable housing.
This year, teams are designing a development on a new 2.58-acre site adjacent to the famous River Walk near downtown San Antonio. The San Antonio Housing Authority would like to add to its public housing communities by building approximately 100 new mixed-income workforce dwellings along with commercial mixed-used space and amenities. Teams were asked to maximize diversity in their designs-diversity of uses, diversity of incomes and diversity of unit sizes. The first round of the competition required schematics and a preliminary pro forma.
“Our team is thrilled to be able to continue to participate as finalists,” Huck said. “We have invested significant time and effort into crafting a unique proposal to respond to the site’s specific needs. It has been a great opportunity for us to work in an interdisciplinary environment and we look forward to continuing to improve our design.”
The teams will refine their projects and produce more detail in the weeks leading up to the competition, aided by a site visit in early March. The first place team is awarded $20,000. To learn more about HUD’s IAH competition, visit their website.
By a unanimous vote, the Arlington County Board recently approved necessary rezoning, the project site plan, and $5.8 million in funding from the Affordable Housing Investment Fund (AHIF) to support redevelopment of American Legion Post 139. The Arlington Partnership for Affordable Housing (APAH) will build 160 affordable apartments, half set aside for veteran’s preference, as well as a new facility for the American Legion. The apartments will be committed affordable for 75 years and will be built on the current Post site on Washington Boulevard.
APAH and American Legion are committed to meeting the evolving needs of today’s veterans. Nearly 236,000 veterans in the DC area are housing cost-burdened, paying over 30% of their income for rent, and many have service-related disabilities. Arlington has a well-documented need for affordable housing, having lost nearly 90% of market affordable homes between 2000 and 2016. The new complex will include 48 one-bedroom apartments; as well as 87 two-bedroom and 25 three-bedroom units to meet the needs of veteran and low-income families. A new 6,000 SF American Legion facility will be a hub of innovative programming to meet the needs of today’s veterans.
Joe Simonelli, Colonel, US Army Retired and chair of Arlington’s Military and Veterans Affairs Committee noted, “This is a huge step toward Arlington County showing ‘thank you for your service’ to our veterans, and not just saying it.” Click To Tweet
Read the full press release here.
On February 21, PNC hosted its 2019 Black History Month Celebration: a thoughtful discussion with Chris Myers Asch and George Derek Musgrove, the authors of Chocolate City: A History of Race and Democracy in the Nation’s Capital.
The dynamic program opened with the audience singing “Lift Every Voice and Sing” in unison, followed by a dynamic conversation. Moderated by Denise Rolark-Barnes, publisher of The Washington Informer, Asch and Musgrove delved into how they decided to write the book, remarkable moments in DC’s history and more.
Thank you to PNC for hosting a wonderful event!
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