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How to Preserve Existing Affordable Housing: The Value of Human Scale

NonProfit Quarterly

Since NOAH housing, by definition, does not have covenants or other affordability restrictions, when an owner chooses to sell their building, the units are always at risk of being turned into market-rate housing. This is no small matter. This loss of affordability is related to other challenges that DC renters and the city have been facing.

Values 137
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Connecting Faith Institutions to Capital

NonProfit Quarterly

Aisha Benson , CEO of the Nonprofit Finance Fund , emphasized the long-term impact of redlining , a policy of legalized housing lending discrimination backed by the federal government from the 1930s until the passage of the Fair Housing Act of 1968. Stephanie Swepson-Twitty of Eagle Market Streets Development Corp.

Finance 105
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Faith Communities and Affordable Housing: Challenges and Opportunities

NonProfit Quarterly

When a religious institution sells its property to a developer to build housing or for any other new use, the congregation can realize an immediate, significant financial gain. It should also be noted that in high-value real estate markets the gain from selling a property may not be enough to buy another property if the church needs one.