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THE CAPITAL REGION HOUSING CHALLENGE

Progress Update

What is the Challenge?

Effectively addressing housing affordability requires a collective effort across multiple sectors and jurisdictions in the Capital Region. The Challenge is a multi-faceted effort to secure $1 billion toward housing affordability in the region by December 2020.

Our Goals:

$500 million in private sector, and
$500 million in new public commitments
above current baseline

The challenge is not the creation of a new fund.

It's a platform to catalyze support and a regional commitment to scale the investment of public and private resources to meet the region's housing production needs.

2019 Progress: $238.6M secured for Housing Affordability

Ready to take the Challenge?

Commitments from private investors, employers, anchor institutions, the philanthropic sector, as well as local and state governments are encouraged.

 

Thank you to these organizations that have accepted the challenge!

Bernstein Management Corporation

Greater Washington Community Foundation Partnership to End Homelessness

Justice Housing Partners

Kaiser Permanente

Metro IAF Community Restoration Fund, LLC

Montgomery Housing Partnership

The Washington Housing Initiative (Federal City Council & JBG SMITH)

A select set of known local and regional initiatives is listed here. HLG welcomes additional efforts designed to meaningfully support housing affordability via program-related, social impact, and other forms of capital investment.

​To learn how to get involved, contact Melissa Bondi, Housing Leaders Group (email)

Learn more about the Challenge

Launch Announcement 
Capital Region Housing Challenge to Secure Public and Private Capital to Create and Preserve Affordable Homes in Region (March 20, 2019)

Media Coverage

DC-Area Business Leaders Launch $1B Affordable Housing Challenge (Bisnow, March 21, 2019)

Frequently Asked Questions 
about the Capital Region Housing Challenge (click)