The Housing Leaders Group of Greater Washington, which WRAG co-convenes along with Enterprise Community Partners, Metropolitan Washington Council of Governments, the Greater Washington Community Foundation, and Citi Community Development, has announced the Capital Region Housing Challenge. The initiative encourages employers, anchor institutions, philanthropy, private investors, and local and state governments to commit by the end of 2020 at least $500 million in new private capital and $500 million in new public funds toward affordable apartments and home ownership.
“The Capital Region Housing Challenge is a down payment toward the investments needed to truly solve the region’s housing needs, especially for lower income residents,” said David Bowers, Enterprise Community Partners Vice President and Mid Atlantic Market Leader and HLG Co‐Convener. “By working in partnership with other regional efforts and stakeholders, we are committed to promote the value of, and opportunities to, invest $1 billion in new capital by the end of 2020.”
WRAG’s vice president Gretchen Greiner-Lott says, “WRAG is excited to support the Housing Leaders Group and this Capital Regional Housing Challenge. We trust this challenge will encourage and energize everyone to plug in where they can to support housing affordability across the region.”