A lack of affordable housing is exacerbating homelessness and hobbling economic competitiveness, yet efforts to build new housing regularly meet NIMBY pushback. Three Yale SOM alumni tackle the tough challenge of getting to yes.
WASHINGTON, DC - The Neighborhood Development Company (NDC) was joined by Ward 7 Councilmember Vincent C. Gray, DHCD s Director Drew Hubbard, and city officials for a ribbon cutting to celebrate the completion of construction on Park27, a new residential community in Hillcrest. Park27 is a collection of 26 brand-new 100% affordable duplex condos and studios, ranging in size from 500 SF to 1,250 SF and delivering much needed affordable home ownership opportunities to Ward 7.
/PRNewswire/ The Neighborhood Development Company (NDC) was joined by Ward 7 Councilmember Vincent C. Gray, DHCD s Director Drew Hubbard, and city officials.
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Sandra Foote, owner of Flip it LJ Diner, a small restaurant in Northwest D.C., wasn’t sure her business would survive the pandemic.
Foote started the diner nine years ago with her husband, who has since passed away. Her business tanked during the height of the pandemic, leaving her unsure how she could move forward.
Luckily, a forgivable grant from nonprofit lender LISC DC, backed by Wells Fargo’s Open for Business Fund, helped her pay rent and keep her staff on payroll.
“This has been very emotional for all of us,” said Foote. “Once I paid the rent, I knew that help was coming and that I could keep my business. This is something I am very thankful for, and I feel very lucky.”