The recently launched Capital Region Housing Challenge, was featured in a recent Bisnow article. Titled, “D.C.-Area Business Leaders Launch $1B Affordable Housing Challenge,” the story details the regional effort to catalyze $1 billion to accelerate greater housing affordability in the Capital Region. An excerpt from the piece reads:
The Housing Leaders Group of Greater Washington launched the Capital Region Housing Challenge, an effort to spur the D.C. region’s public and private sectors to each add $500M in affordable housing investments above their current baseline by the end of 2020.
Housing Leaders Group co-convenor David Bowers, also the market leader for Enterprise Community Partners, announced the challenge at Bisnow’s Metro D.C. Affordable Housing Summit Wednesday morning in a rousing call to action.
‘The challenge is the call to work collectively, across sectors and geographic boundaries, to fundamentally move the baseline of thinking and investment and connect capital to solutions,” Bowers said. “Those of you that are already investing, we’re challenging you to do more.’
Bowers emphasized that the challenge does not represent a new fund. Rather it is a campaign to spur additional investment in affordable housing from a wide range of sources by setting an ambitious goal and tracking its progress over the next 21 months.
HAND is a member of the Housing Leaders Group of Greater Washington, and you can learn more about the partnership here.