In June, the U.S. Treasury announced that AHC Inc. will receive $2M in federal funding from the prestigious Capital Magnet Fund. This funding will allow AHC to establish an internal revolving loan fund that will leverage an additional $20M in private capital to renovate at least 331 deeply affordable apartments at AHC communities in Northern Virginia, Baltimore, and suburban Maryland.
On June 9, family, friends and mentors celebrated the 42 graduates of AHC’s College & Career Readiness (CCR) program. This was the highest number of graduating students since the program began. The CCR program also saw the largest number of overall participants this year, with 69 juniors and seniors from area high schools.
More affordable housing is coming to Baltimore, with the help of $2.9M in American Rescue Plan Act (ARPA) funding. The funding will go toward a new phase of the Key’s Pointe development. The 60 units that are part of this next phase will replace the existing public housing, along with market affordable units.
AHC Inc., and the Arlington Partnership for Affordable Housing (APAH) released a report conducted by CTC Technology & Energy that analyzes how to equitably and efficiently connect local low-income residents in Arlington to the internet. The report analyzed connectivity and construction data for 39 AHC and APAH affordable apartment communities of different sizes and types that provide homes for more than 5,100 families and individuals in Arlington.
This Volunteer Month, AHC is celebrating the nearly 350 individuals and groups who generously contribute their time and talents annually through our education and social services programs. Volunteers work directly with youth through our multi-tiered education program; provide invaluable helping hands during community activities; and, as AHC residents, regularly help their neighbors.