The Coalition for Nonprofit Housing and Economic Development (CNHED) is leading a multisector effort to help BIPOC (Black, Indigenous, and people of color) residents build assets by preserving safe, affordable housing and creating pathways to homeownership.
The 3C initiative helps teams strengthen local community investment ecosystems and advance racial equity through safe, affordable housing.
Using the Center for Community Investment’s Capital Absorption Framework, multisector stakeholders in DC collaborate to achieve ambitious results that go beyond individual projects to systems change. The three-year initiative is working to scale affordable housing and redress the ways structural racism has shaped American housing systems with dramatically negative consequences for many communities of color.
CCI Resource Library
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Preserving Affordable Homes for Equitable, Healthy Communities
Inviting a Dialogue on Opportunity Zones
Closing the Housing Affordability Gap
In the Washington, DC area there is a need for a more diverse array of financing solutions and technical services to create and maintain a robust affordable housing pipeline for properties with fewer than 50 units.
Empower tenants to prevent displacement and increase affordability.
Advance effective public policies and practices.
Develop a curriculum to prepare low-and moderate-income tenants who wish to become resident owners and assist them in the purchase of properties.
From 2000-2020, the percentage of Black residents has decreased from 60% in 2000 to 47% percent in 2020.
Create new funding resources to assist with the preservation of affordable housing in 5–49-unit properties.
Design and create a new nonprofit, small-scale affordable housing property and asset management entity.
This grant is part of JPMorgan Chase’s national $400 million, five-year philanthropic commitment to promote housing stability and affordability and improve homeownership opportunities to close the housing affordability gap for Black, Hispanic, and Latino households.
JPMorgan Chase & Co
- National Housing Trust
- Housing Counseling Services
- Medici Road
- DC Department of Housing and Community Development (DHCD)
The Latest from the 3C Initiative
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