Thursday, October 11, 2012

Celebrating "A Decade of Progress" of Affordable Housing in DC

We offer much deserved thanks to the Coalition for Nonprofit Housing & Economic Development (CNHED) for your tireless efforts to advocate for the preservation of affordable housing in the District of Columbia.  Thanks in great part to your advocacy efforts, buildings like the Norwood have the opportunity to organize and secure funding to purchase and preserve their buildings as affordable housing.  The diverse working families at the Norwood, who work in the service industry and young working professionals, now have a safe place to live without having to worry about the increasing cost of housing.

Since we purchased our building in July 2011, we have worked towards addressing longstanding maintenance issues and repairs. We are currently working towards our goal to fully rehabilitate the building and create an affordable on site childcare center by working with architects on identifying areas of need in our building.  Our goal is to secure $4 million in financing to cover the cost of rehab.

We hope that the "Decade of Progress" report and video help raise awareness about how tenants living in DC rent controlled buildings have the opportunity to organize and purchase their homes as affordable housing.  If we are good enough to work in DC, then we are good enough to live here!

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