Preserving affordable homes for communities

The Washington Housing Conservancy (WHC) is a nonprofit organization (501c3) that preserves homes that are affordable so residents in our communities—particularly moderate to low-income African Americans and other residents of color–can focus on the opportunity to build wealth, instead of the risk of escalating rents.
By acquiring and owning 3,000 units of affordable housing, WHC is stabilizing rents, preventing displacement, and creating communities where moderate to low-income residents and their families want to be.
WHC Social Impact Strategies
01.
In a “hot” real estate market like the DC-region, affordable homes have become a scarce resource. Our particular focus is preventing displacement for moderate to low-income workers, like firefighters, teachers and hospitality workers, who find themselves increasingly priced out of their homes, and provide rent stability and opportunities to thrive and build wealth.
02.
We work in neighborhoods of Naturally Occurring Affordable Housing—or NOAH. In these communities, absent government subsidy, rental properties are at risk of losing their affordability—and their economic and racial diversity—from redevelopment.
03.
Home represents the ultimate building block or stumbling block in someone’s life. For some, home has been a way to build wealth and opportunity. For others, home has meant displacement, escalating rents and instability that make it almost impossible to imagine a different future.
04.
Centuries of racist practices and attitudes has exacerbated disparities in housing and individual wealth, especially between white and Black households. A report from the Center for American Progress estimates that if these differences continue, it could take more than 200 years for the average Black family to accumulate the same amount of wealth as white families.
05.
WHC is creating inclusive and diverse mixed-income communities of individuals and families in a targeted income range of between $40,000 and $120,000. In addition, we will house a small percentage (25-30%) of residents with incomes below $40,000.
What makes us different
The Washington Housing Conservancy is part of the Washington Housing Initiative, which is building a model for systemic change through three primary vehicles.

WHC
- Acquires, owns and operates real estate.
- Ensures adherence with affordability covenants.
- Assesses community needs and builds partnerships with service providers.

Stakeholder Council
- Engages civic and community leaders in Housing Initiative and provide strategic direction.
- Fosters public/private partnerships and collaboration.
- Develops and advocates for policy objectives.

Impact Pool
- Provides mezzanine/second trust debt financing.
- Coordinates placement of qualified 501(c)(3) bonds.
- Measures and reports impact outcomes
Board
Members
WHC is governed by an independent board of civic leaders.
David Roodberg
President of The Menkiti Group

Joshua Bernstein
Chief Executive Officer of Bernstein Management Corporation

Charlene Drew Jarvis
Former Director at National Women's Business Center, Inc.

Deborah Ratner Salzberg
Principal at Uplands Real Estate Partners

Cary Hatch
CEO of MDB Communications

Carol Thompson Cole
President and CEO of Venture Philanthropy Partners (VPP)

Rob Stewart
Chair of JBG SMITH’s Board of Trustees

John Gardner
Former Vice President of Buvermo Investments, Inc.

Tamara Copeland
Former President of the Washington Regional Association of Grantmakers

Kevin Clinton
Chief Program Officer for the Federal City Council

David Martin
Partner at ArentFox Schiff
Maria S. Gomez
Former President + CEO, Mary’s Center
Our Team

Kimberly Driggins
Executive Director
Jackie Keller
Executive Assistant

Divya Khandke
Senior Program Manager

Yvette Ross Kane
Director of Asset Management

Richard Newman
General Counsel
Kathy Smith
Director of Development
Juanita Perilla
Social Impact Coordinator
Sawa Kamara
Social Impact Coordinator
Our Partners

Federal City Council
Established in 1954, the Federal City Council is a non-profit, non-partisan organization dedicated to the improvement of the District of Columbia.

JBG SMITH
JBG Smith is an S&P 400 company that owns, operates, invests in and develops assets concentrated in leading urban infill submarkets in and around Washington, DC.

NIMC
The National Initiative on Mixed-Income Communities (NIMC) at Case Western Reserve University is an impact research center focused on urban equity and inclusion. It is the only center in the country focused exclusively on creating and sustaining mixed-income communities in the United States.
Our Supporters
Since launching in 2018, the Washington Housing Conservancy has secured $19M in philanthropic support from a diverse mix of individual, corporate and foundation donors. WHC wants to thank our visionary philanthropic partners for supporting WHC’s mission and values to preserve and expand affordable workforce housing in the Washington, DC metropolitan region. Donors listed below have given a cumulative amount of $5,000 or more since our inception.
If you would like to partner with WHC, please contact us HERE or email info@washhousing.org.
$1 Million+
Amazon Housing Equity Fund
Anonymous
Diane & Norman Bernstein Family Foundation
Huron Philanthropies
JBG SMITH
Robert and Arlene Kogod
The J. Willard and Alice S. Marriott Foundation
The Robert I. Schattner Foundation
Corporate Supporters
Bank of America Charitable Foundation
Brown Advisory
Kaiser Permanente
PNC
Streetsense
The M&T Charitable Foundation
Truist Foundation
Wells Fargo Foundation
Foundation Supporters
Dweck Philanthropies
New Profit
The Morris and Gwendolyn Cafritz Foundation
The Motley Fool Foundation
Individual Supporters
Alan and Amy Meltzer
Brian Allan “AJ” Jackson
Kathleen and Steve Theriot
Kimberly Driggins
Lawrence and Melanie Nussdorf
Lisa and Joshua Bernstein
Margaret A. Hamburg and Peter F. Brown
Mark M. Katz and Cynthia C. Hogan
Rob and Sheri Rosenfeld
The Coulter Family Foundation
The Michael & Deborah Ratner Salzberg Family Foundation
Matt Kelly & Jessica D. Mailloux

Preserving housing affordability and promoting economic mobility in the DC-region
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