Housing Accelerator Fellowship (Washington D.C. Metropolitan Region)

Housing Accelerator Fellowship (Washington D. C. Metropolitan Region) is sponsored by Capital Impact Partners (funded by Amazon Housing Fund).

This initiative provides a two-year, part-time professional development accelerator program for emerging real estate developers focused on affordable housing development in the Washington D. C. metropolitan region.

Supporting Community-rooted Developers to Increase Affordable Housing Supporting Community-rooted Developers to Increase Affordable Housing The ability for smaller, community-rooted developers to help shape and increase access to affordable housing in rapidly developing cities remains hampered.

Factors contributing to this disparity are grouped into four broad categories: Market and ecosystem factors Learn More About the HAF Program In an effort to support developers to learn the skills and build the networks necessary to succeed, we are partnering with Amazon to launch the Housing Accelerator Fellowship (HAF) in the Washington, D. C. Metropolitan area.

This initiative supports our organizations’ shared goals of facilitating new opportunities for real estate developers while also increasing affordable and workforce housing across the region.

With a focus on individuals who are dedicated to real estate development as a career path, as well as an interest in affordable housing, the fellowship includes: Advanced real estate training with a focus on affordable housing Connections to local mentors The opportunity to apply for grant capital to support project development The HAF program builds on Capital Impact Partners’ successful EDI training program for emerging real estate developers across the country.

Interested in participating in the Housing Accelerator Fellowship? Fill out our inquiry form to receive updates on our upcoming HAF cohorts. Fill out form The Housing Accelerator Fellowship is not an introductory program.

Candidates are expected to have real estate development experience and are selected based on the following eligibility criteria guidelines: Demonstrated need for specialized real estate, financial, technical, and enterprise management training to scale their businesses Demonstrated barriers to accessing capital, including limitations to balance sheet capacity, and the resources required to advance affordable housing projects that benefit their communities Full-time developer as Principal or Co-principal of a real estate development firm At least 1 affordable housing development project completed or underway Affordable residential development activities focused on the metropolitan District of Columbia, Maryland, and Virginia region Able to illustrate how barriers to accessing critical industry networks have restricted or limited accelerated personal and professional growth Through the monthly learning series, network connections, and technical assistance, the fellowship has facilitated the growth of several real estate development enterprises.

Moreover, the ability to access project grants has led to an increase in the production and availability of affordable homes for families and working professionals across the greater Washington, D. C. Metropolitan region.

The impact of the Housing Accelerator Fellowship as of January 1, 2024 includes: $4 million in grants provided directly to developers to offset the cost of predevelopment projects in the DMV $7 million in loans closed with Capital Impact Partners between 2022 – 2023 Housing Accelerator Fellowship cohorts represent a group of individuals with a range of backgrounds and experience.

We invite you to learn more about them by downloading the fact sheets below. Launched in 2021, this fellowship is part of Amazon’s Housing Fund , a $2 billion commitment to create and preserve 20,000 affordable homes. We’re here to answer your questions.

developer_inquiry@capitalimpact. org Advantages of Working with Capital Impact Partners As a mission-driven organization, we are committed to supporting projects that create social and economic opportunity.

With our headquarters in Arlington, VA, we have invested more than $3 billion nationally to increase access to quality multifamily affordable and workforce housing, health care facilities, healthy food businesses, and education programs We are familiar with local market conditions across the Washington Metropolitan region and have worked with developers in D. C.

, MD, & VA Through our EDI program , we have deepened our commitment to fostering an environment where developers can advance Our on-the-ground team and local partnerships allow us to leverage our networks and resources for broader impact.

Learn More About the Housing Accelerator Fellowship Program Ellis Carr on Empowering Communities through Finance In this video, president and CEO Ellis Carr talks about Momentus Capital’s efforts to utilize mission-driven financing, social innovation programs, capacity building, and impact investing, to support community and economic development.

Building Communities Through Affordable Housing It was a dark day when Ronnie Jamison and his neighbors learned that their apartment building was sold, and they may be forced to leave. Working together, they turned to a local law called “TOPA” to help them remain. They just needed assistance from a buyer — and a lender.

Building Community in Washington, D. C. When two EDI graduates had a vision for revitalizing a Washington, D.

C. neighborhood and creating affordable housing, they turned to Capital Impact Partners to help jumpstart their project. Connect with Our Programs Team The technical storage or access that is used exclusively for statistical purposes.

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