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D.C.-Area Business Leaders Launch $1B Affordable Housing Challenge

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Housing affordability has become an increasingly urgent concern in D.C., and a group of business leaders is challenging the region to invest $1B over the next two years to help solve the issue.  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.”

Read more at: https://www.bisnow.com/washington-dc/news/affordable-housing/dc-area-housing-leaders-launch-1b-affordable-housing-challenge-98112?&utm_source=outbound_pub_67&utm_campaign=outbound_issue_1571&utm_content=outbound_newsletter3&utm_medium=email?utm_source=CopyShare&utm_medium=Browser

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