Washington, DC

LEADERSHIP

Executive Director:
Oramenta Newsome

Chair, Local Advisory Committee:
Richard W. Snowdon
Trainum, Snowdon & Deane
CONTACT INFORMATION
1825 K Street N.W.
Ste. 1100
Washington, D.C., 20006
Telephone: (202) 785-2908
Fax: (202) 835-8931
Website

Established in 1981

Achievements by the Numbers:

(LISC and Affiliates)
  • 3,944 homes and apartments
  • 1.6 million square feet of commercial space
  • $106.3 million total investment
  • $526.7 million leveraged

Project Profile:

Increasing Affordable Housing and Preservation: In 2006, Washington, DC LISC provided $18 million in financing to help 600 families to continue to live in quality rental housing or to purchase their apartments as cooperative or condominiums owners. Development is occurring at a fast pace in Washington, D.C., which makes affordable housing preservation paramount in the region. Washington DC LISC provides technical assistance and financing to help individuals and tenant associations purchase and/or preserve the affordability of their properties. For example, in 2006, a $1.6 million acquisition loan from LISC enabled residents of the 52 households living in the Brightwood Gardens Apartments to purchase their property when their building went up for sale.