2019 has been a busy year as AHC continues our mission of developing affordable homes and helping communities thrive. This year, AHC Inc. was recognized as one of the top 50 affordable housing developers in the country by Affordable Housing Finance magazine. As we approach our 45th anniversary, AHC provides more than 7,500 affordable apartments at 50+ properties in Virginia, Maryland and DC.
AHC’s Resident Services programs and community partnerships also continue to grow to better meet the needs of the children, families and seniors we serve. We currently reach more than 3,000 residents each year.
AHC’s 2019 accomplishments include:
Building and Preserving Homes
- Topped off The Apex that will welcome 256 families in Arlington in 2020.
- Broke ground on The Spire, 113 new homes in 2021, with our partner Episcopal Church of the Resurrection in Alexandria.
- Celebrated the renovation of two older garden-style apartment communities – Colonial Village West in Arlington and Lafayette Apartments in Fairfax.
- Started the process to upgrade our oldest property in Baltimore, Greenspring Overlook, which provides homes for 189 families.
- Continued to work with PN Hoffman, City Partners and Paramount on large-scale Waterfront Station in Southwest DC.
- Partnered with Housing Authority of Baltimore City and The Michaels Organization to redevelop Poe Homes, a 1940s seven-acre project in Southwest Baltimore.
- Expanded presence in Montgomery County with acquisition of 48-unit Brookside View. The approximately $6.1 million total development cost was financed completely with private funds.
- Hosted a Faith and Housing Round Table that included HUD Secretary Ben Carson, other nonprofit developers and the City of Alexandria.
- Selected to participate in Amazon’s Employee Match Campaign, which allocates up to $5 million to 20 housing and homelessness nonprofits in DC and Seattle.
- Created a safety initiative in Arlington’s Green Valley neighborhood, which includes community partners and volunteers living in AHC’s affordable apartment communities.
- Returned $4.9 million to Arlington’s Affordable Housing Investment Fund (AHIF). The AHIF loan fund is an invaluable tool for affordable housing development.
- Offered our annual Women’s Empowerment Conference that inspired Baltimore residents to connect and overcome obstacles.
Housing + Education = Success
- Initiated Career Fairs for middle and high school students with a wide range of professionals. Several students have already turned the opportunity into internships and job shadowing.
- Celebrated 15 volunteers who have worked with our students for five years!
- Honored three Community Builder volunteers who generously volunteered their time with AHC students and helped expand our programs’ reach.
- Graduated 24 high school students who were all the first in their family to attend college. Together, the group earned more than $600,000 in scholarships and grants.
- Persisted in college at above average rates. According to the National Student Clearinghouse Research Center, 84% of AHC students stick with college and graduate. This compares to 56% of first-generation students and 74% of students with college-educated parents!
- Helped stabilize 231 families through eviction prevention services.
- Distributed 1,000 backpacks to youth living at AHC properties in Arlington.
Awards and Achievements
- Congratulations to AHC’s President and CEO, Walter D. Webdale for his induction into the Affordable Housing Finance Hall of Fame.
- Welcome to new AHC Board members Ginger Brown and Terron Sims, II.
- Congratulations to AHC Greater Baltimore, which opened its doors 15 years ago to address the need for affordable housing in the Baltimore region. Since then, the group has developed eight properties with more than 1,600 affordable apartments.
- Hats off to AHC Greater Baltimore’s Health and Wellness Program at MonteVerde Apartments for winning the Maryland Affordable Housing Coalition’s 2019 Innovation Award for creating a comprehensive onsite network to help elderly residents improve access to health care services and decrease social isolation.
- Cheers to 63 AHC employees who completed the organization’s annual Wellness Challenge.
Founded in 1975, AHC Inc. is a nonprofit developer of affordable housing in the mid-Atlantic region that provides quality homes and education programs for low- and moderate-income families. Based in Arlington, VA, AHC has developed more than 7,500 apartment units in 50+ properties in Virginia, Maryland and Washington, DC. AHC’s Resident Services program reaches 3,000 children, teens, adults and seniors each year through onsite education programs and activities.