Enterprise Community Partners and NHT Enterprise have responded by spearheading a local initiative, GreenPATH – the Green Preservation of Affordable Transit-Oriented Housing initiative. Enterprise and NHT have been collaborating on GreenPATH as a response to the neighborhood change we were seeing across the region – knowing the affordable housing options near transit for low-income families were shrinking. We also knew that certain neighborhoods, such as those east of the Anacostia River in DC, are ripe for similar investments and potential neighborhood change. East of the Anacostia river is what many refer to as the “last frontier” of a critical mass of affordable housing stock for low-income families. Much of this stock is within walking distance to Metrorail stations.
Enterprise and NHT have been actively working to raise $54 million of capital to preserve over 1,000 units within a half-mile of rail station – at rates and terms flexible for developers to acquire and hold smaller, unsubsidized properties for later rehabilitation. Other key partners have joined in to support the initiative – Metropolitian Washington Council of Governments and Reconnecting America – working together to be proactive in preserving affordable housing near existing or proposed rail station across the region.
The Time is Now.
Last week, the District Department of Transportation opened a new DC Circulator route to extend the network east of the Anacostia River. Redevelopment of the St. Elizabeth’s campus is underway, expected to bring over 14,000 new jobs to the area. As investments in transit and jobs are growing, preserving housing opportunities for a broad range of households is vital.
Learn More and dialogue on the topic.
Interested in learning more and dialoguing on this topic? Come learn about local programs at Rail~Volution on October 19th at 2pm.