For the District’s extremely low-income residents, affordable housing can serve as a foundation for overall stability and well-being. Yet the District’s recent efforts to create and preserve affordable homes, whileimportant, have not substantially expanded the availability of housing affordable to city’s lowest-income residents. By examining the subsidy cost of addressing severe rent burden among DC’s extremely low-income residents, this report contextualizes the District’s present investments and outlines a ten-year blueprint to create 30,000 units of deeply affordable housing.   LEARN MORE

Summary $100 million for the Housing Production Trust Fund $10 million added to the affordable housing preservation fund $1.5 million to provide rent vouchers for families on the DC Housing Authority waiting list $5.1 million new operating subsidies for affordable buildings, including: $3.3 million to make units developed through the Housing Production Trust Fund affordable to the extremely low-income households, $1 million to help existing affordable units to serve lower income levels, and $850,000 for public housing properties redeveloped through the New Communities Initiative $9.2 million added to Targeted Affordable Housing for residents exiting homelessness $9.2 million boost to down…

The District has made substantial investments in affordable housing in recent years, though levels are still far short of what is needed. Where have those investments gone? And which income levels are being served? DCFPI’s new interactive map lets you explore affordable housing that has been newly created or preserved since 2015. The map uses a unique, comprehensive dataset complied by DCFPI. With the release of the map, this detailed, project-level data is available in one place for the first time.   LEARN MORE

A Q&A with Carl L. Hairston, Executive Vice President and Chief Lending Officer for City First Bank Close your eyes and imagine there was a bank whose mission was to create a society in which every individual, family, and community had the opportunity, access to capital, and resources to allow them to improve their well-being and prosper. LEARN MORE

The tax bill passed in 2017 includes a provision creating various benefits for investors that move capital gains into designated low-income census tracts, known as Opportunity Zones, through special investment vehicles known as Opportunity Funds. READ MORE

Opportunity Zones is a new federal incentive that offers capital gains deferrals, reductions and abatements for investments made in designated Opportunity Zones. READ MORE

The tax bill passed in 2017 includes a provision creating various benefits for investors that move capital gains into designated low-income census tracts, known as Opportunity Zones, through special investment vehicles known as Opportunity Funds. READ MORE

The Global Impact Investing Network (GIIN) is pleased to publish Scaling U.S. Community Investing: The Investor-Product Interface, in partnership with the Carsey School of Public Policy and with support from the Ford Foundation and the MacArthur Foundation. This report is designed to facilitate greater awareness and alignment of the needs of investors, product managers, and intermediaries in the U.S. Community Investing (USCI) field. READ MORE

The Global Impact Investing Network (GIIN) and Symbiotics present the first comprehensive analysis of the financial performance of private debt impact investment funds. READ MORE

Expanded impact-investing pool will work alongside grantmaking to better achieve social change for low-income people in America’s cities.. READ MORE