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CPDC, CNHED, Partners and Affordable Housing Leaders Kick Off First D.C. Community Development Week

On October 11, 2016 CPDC along with partners, affordable housing leaders and residents kicked off the first ever D.C. Community Development Week with a ribbon cutting at Edgewood Commons I – a $25 million renovation that will extend the affordability of nearly 300 apartments for the next 30 years.

Edgewood Commons I is phase two of CPDC’s five-year, $50 million effort to revitalize its Northeast D.C. campus into an open, vibrant, engaged and economically diverse community. Project funders include: DC Local Initiatives Support Corporation (LISC DC), DC Housing Finance Agency (DCHFA), U.S. Department of Housing and Urban Development (HUD), RED Capital Group and Enterprise Community Partners. The Coalition for Nonprofit Housing and Economic Development (CNHED) led the effort to establish D.C. Community Development Week.

These five quotes from CPDC and partners well sum up the day:

DSC_8685“D.C. public policy has not addressed preservation in the way it has production of new units. Using tools like the Housing Production Trust Fund, the goal of D.C. policy should be to preserve 100% of subsidized affordable housing.”

~Polly Donaldson, D.C. Housing and Community Development Director who read the Mayoral Proclamation establishing October 10-14 as D.C. Community Development Week

DSC_8782“Residents are, and must continue to be, at the forefront in deciding what quality of life looks like at Edgewood.”

~Khyati Desai-Seltzer, CPDC, Director of Resident Engagement

DSC_8498 “This property is an ideal for us. It’s what we invest in. It’s the outcome we hope for.”

~Oramenta Newsome, Executive Director, LISC DC

DSC_8556“CPDC gets it. They integrate residents into the community and know how to preserve and develop affordable housing.”

~Robert Iber, Headquarters Director, The Office of Asset Management and Program Oversight Division, HUD

DSC_8524“Preservation must be equally important as new creation. We can’t build ourselves out of this crisis.”

~Todd Lee, Executive Director, DCHFA

 

To see more post-event photos, please click here.


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