EspañolAffordable Rental Program
“We have everything we need in our apartment and live in a comfortable place,
which is affordable for us. Mi Casa made this possible.”
– Mi Casa Rental Resident
The Need for
Affordable Rental Housing
In response to the critical need for affordable rental housing, we developed the Affordable Rental Program in 2012. Many of the buildings we develop were previously neglected and at risk of being converted into high-end condos, and individuals and families with low-incomes were at risk of being displaced. Our work increases the availability of renovated, long-term affordable rental housing.
DC lost 50% of its affordable rental stock
between 2002 and 2012.
Our Strategy:
1. We acquire buildings under TOPA in partnership with tenant associations who want to preserve long-term affordability.
2. We secure financing to purchase and renovate small rental buildings (often acquired with years of deferred maintenance), to improve the quality of life for the residents who occupy them.
3. We convert vacant lots into new rental buildings to increase DC’s stock of long-term affordable housing.
Our Rental Buildings
Our portfolio has steadily grown from just one property in 2012, to adding buildings over the next 7 years for a current total of 213 units in nine properties, including one co-owned LIHTC property. Mi Casa sustains best practices in rental management by self-managing eight out of nine of these buildings.
