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).

Download the event flyer here.

You can register online here.

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.

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:

• Enterprise
• Mission First Housing Group
• Jubilee Housing
• Low Income Investment Fund
• National Housing Trust
• Preservation of Affordable Housing
• Volunteers of America

More details on the latest round of funding here. Congratulations to all awardees!