2006 - 2007

• Launched fifth 3-year program (Phase V) with the selection of 9 high-performing nonprofit housing developers and technical assistance providers and disbursed over $2.3 million in implementation and technical assistance grants to these nonprofit partners.

• With the preservation and production of affordable housing as the primary focus of the current CDSC program, nonprofit partners are developing over 1700 units to ensure housing remains affordable for low- and moderate-income residents of the District of Columbia.

• Nonprofit partners assisted 25 tenant associations exercise their right of first refusal and acquire or maintain the affordability of their homes, resulting in the preservation of over 850 units of affordable homes.

• In spite of increasing home sales prices, nonprofit partners have utilized an array of programs such as home ownership training, credit counseling, down payment and subsidy assistance programs to allow 176 low and moderate income residents to purchase homes in the District of Columbia.

• In the first 2 years of Phase V, 292 units of permanent supportive housing in 11 projects were either purchased or rehabilitated for some of the lowest income residents of the District of Columbia.

  

• CDSC technical assistance grants have assisted 2 nonprofit partners in re-organizing and strengthening their asset and property management divisions resulting in better managed properties and healthier homes for low-income residents.

• Established "The Green Technical Assistance" fund to assist nonprofit developers build and rehabilitate their properties in an energy efficient manner.

• Over the past 2 years, successful advocacy efforts with the Coalition for Nonprofit Housing and Economic Development and other housing advocates have resulted in the dedication of $96 million in DC funds to acquire and build affordable housing in the District of Columbia. Currently, the DC Housing Production Trust Fund is one of the best capitalized trust funds in the United States.

• Additional advocacy efforts have resulted in the establishment of a locally funded rent supplement program. This program, currently capitalized at $19 million, will help to subsidize the rent of approximately 2500 residents, all of whom are earning below $15,000 annually.

• Ongoing partnership with Howard University Center for Urban Progress has resulted in the placement of 13 undergraduate interns with nonprofit housing developers in 8- month paid internships.

• Increased visibility of nonprofit partners through 5 "Know Your Neighborhoods" tours and the bi-monthly CDSC E-Newsletter has resulted in a deeper knowledge of the affordable housing challenges facing low-income residents in Washington, DC and continuing capitalization of the CDSC By mid 2007, 27 funders had cumulatively committed $2.8 million towards the Phase V operation - including 7 new funders.