Investor deck detailing disruptive marketability of a process to address housing crisis based in Washington DC. Deck reveals the NPO's strategic tactical approach and investment opportunities.
2. "Seek the welfare of the city where I have sent you into exile, and pray
to the lord on its behalf, for in its welfare you will find your welfare."The District
Church:
A Church for
the City
- JEREMIAH 29:7
The Vision: To be a church that exists for
Christ and the renewal of our city.
Addressing the housing crisis in DC aligns
with the values, resources, and existing
initiatives of the District Church.
4. DC is the second least affordable housing jurisdiction in the country where Over 60% of extremely low-
income residents spend over 50% of their income on housing costs
District rents are growing faster than income: Over the last decade rents have risen by more than 30%,
the number of affordable units has dropped by more than 50%, and incomes for low-income residents
have remained stagnant
DC has a deficit of 30,636 affordable and available housing units for families that are extremely low
income (earning less than 30% of the area median income) with the housing crisis expected to grow:
14,000 affordable housing covenants are set to expire in 2020
The majority of affordable housing is built east of the Anacostia River in Wards 7 & 8: Compounding
poverty far from the city center, grocery stores, reliable public transportation, and jobs
5. Consequences of the Housing Deficit
High
housing costs
(cost burden)
Insufficient
income for
healthcare,
nutrition, other
needs
Mental and
physical health
symptoms
develop or
worsen
Increased
healthcare costs,
possible
employment
instability
Housing
instability,
homelessness
6. Housing that is not only affordable, but that is also
safe, healthy, sustainable, accessible, and integrated
into the fabric of the District of Columbia
Justice
Housing:
Vision
Mission
A just city where everyone has a home
Connect resources to solve housing crisis
We believe that everyone is entitled to justice housingFairness:
We believe in the geographic dispersion and
integration of all types of housing for all types of
people that everyone is entitled to justice housing
Integration:
We believe that by working together, building a
coalition, and developing partnerships, we can help
more people
Collaboration:
TDC’s Justice Housing Initiative
7. Justice Housing: It Does Exist
Households that pay less than 30% of
their income on housing
Environmentally conscious design.
Both a healthy home for its
occupants, and for the planet.
Geographically dispersed affordable housing
that highlights and promotes diversity,
offering access to food, transportation,
schools, health care, culture, work. Through
diverse human interaction it fosters
empathy and socioeconomic advancement.
AFFORDABLE:
SUSTAINABLE:
INTEGRATED:
CityCenter
(downtown)
Housing for
Formerly Homeless
Veterans (NoMa)
La Casa (Columbia Heights)
Permanent Supportive
Housing for Formerly
Chronically Homeless Men
Channing Phillips
Homes (Shaw)
8. Financial Institutions
• Enterprise
• City First Bank
• Eagle Bank
• LISC DC
Service Providers
• Housing Counseling Services
• DC127
• A Wider Circle
Churches
• DC127 Network
• Churches with vacant land
• Churches that have developed
their own vacant land
Developers
• Mi Casa
• Manna
• Jubilee
• Housing Up
• CPDC
• Dantes Partners
Stakeholders: Others in Space and What They Do
9. • In DC, churches alone own more than 3.7 million square feet of vacant land
zoned for residential development
• This land alone could meet the needs of thousands of those in need of
affordable housing.
• A number of organizations within the city are advocating for building on this
land.
• Groups like Housing Up have worked with the community to create 600 units
of affordable housing in 2016 alone
• These groups have identified a need for partners to help walk churches
through the complicated process of building a church
• Enterprise's Faith Based Development Initiative (FDBI) has worked with
churches to build more than 600 units of affordable housing on church land.
Advocating for Justice
Housing Construction Goal
To eliminate DC’s housing deficit by developing justice housing on vacant
church owned land
10. • On average, it costs about $283,600 to develop a new housing unit in a
residential development with affordable housing in DC.
• Based on a survey of local affordable housing developers conducted by the
Urban Institute, acquisition costs were the number one challenge significantly
limiting affordable housing production.
▪ We will help finance Justice housing by moving the District Church’s deposits
to a community bank committed to improving the housing crisis in DC.
▪ With the goal of developing a relationship with the bank in order to finance
the construction of Justice housing on Vacant church land.
▪ We will also Invest in the Enterprise Our Region, Your Investment fund note,
which will be used to finances the production and preservation of affordable
housing in the Great Washington region
▪ Putting our money where our heart is | Yields a greater return on investment
than savings account yields (1% after 1 year vs .06% a year)
Investing in
Justice Housing Goal
To increase the financing available for justice housing development
11. To emotionally and financially support families as they successfully
transition into justice housing
Making a House
a Home Goal
• Families fortunate enough to find justice housing usually lack the community
and resources needed to successfully navigate the move into new housing.
• Everything from the logistics surrounding a move to paying a security deposit
can be harder for low income families.
▪ We will help families transitioning into justice housing, provide support and
community including helping with moving logistics, neighborhood
acclimation, resource identification, and other needs
▪ Utilizes existing church resources | Community- & neighborhood-focused
ministry
▪ We will also use a dedicated offering to help with moving costs and security
deposit ensures successful transition into justice housing | Provides tangible
support to low-income families
12. Business Model: Expense and Revenue Assumptions
EXPENSES
Year 1 Year 2
(1) Justice Housing Program Staff $55,000 $110,000
(1) Fringe Benefits for Staff $8,250 $15,500
Vacant Church Advocacy $2000 $3500
Making a House a Home
Support ($2,500/fam)
$25,000 $50,000
Administrative Expenses (10
percent of budget))
$9,200 $18,400
TOTAL $90,250 $180,500
REVENUE
Year 1 Year 2
Advocacy Coalition Dues
($200/Church)
$1,000 $1,600
Return on Enterprise
Investment
$1,000 (for
$100,000)
$2,000 (for
$200,000)
Security Deposit Loan
Payment
$0 $1,000
TOTAL $2,000 $4,500
13. Impact
Advocating for Justice Housing Construction
• Establish advocacy coalition with 10+ churches by year 1
• Two churches begin development process by year 5
Making a House a Home
• Financially support 20 households move into justice housing
units by year 2
• 100% of supported families remain in Affordable Housing 12
months after moving in.
Investing in Justice Housing
• Contribute financing to the construction/preservation of 200+
units of affordable housing by year 2 (Our Region, Your
Investment)