Stocksy_txpcead0e33JHg200_Large_313265.jpg

Increase the supply of deeply affordable and supportive housing.

For people who are experiencing chronic homelessness, Permanent Supportive Housing (PSH) using a Housing First model is a proven solution. PSH provides wraparound services to help residents improve their health, find a job, reconnect with family, and participate in the community.

For extremely low-income households, we need housing everyone can afford. DC has a variety of policies and financing tools to incentivize the development of affordable housing, and a deep bench of nonprofits, faith-based institutions, and private companies that develop affordable and supportive housing.

But even with all of these resources and partners, creating an adequate supply of affordable housing for our lowest income neighbors is challenging.

It has been estimated that DC needs to build more than 30,000 units of deeply affordable housing (0-30% MFI) to meet the current need. The Mayor has set a goal of creating 36,000 new housing units by FY2025. The city estimates that 12,000 of these units will be affordable with approximately 4,000 units being deeply affordable. These units are essential, but we need more.

We must invest more in preserving and building deeply affordable and supportive housing to end homelessness.

+ Our Response


Our Affordable Housing Initiatives use innovative investment vehicles, including Impact Investing, to increase and accelerate the production of supportive housing and deeply affordable housing for extremely-low-income households.

LEARN MORE

Our partnership with Enterprise Community Loan Fund on its Impact Note has led to the creation and preservation of almost 500 homes; the majority of these homes are affordable for low-income households making less than 50% of the area median income. In DC, this includes families of four making less than $64,500 a year.

READ OUR IMPACT NOTE REPORT