At the end of August, Jubilee Housing acquired its 12th justice housingTM property, 2326 – 2338 Ontario Rd NW. The property at this site will be different from Jubilee’s other properties. Not only will it be used for deeply affordable homes, but also approximately half of them will be set aside for men and women returning from incarceration.
Justice housing combines high quality, deeply affordable homes with onsite and nearby supportive programs, in thriving neighborhoods. It aims to provide stable homes to families and individuals with the greatest barriers to high quality housing. People returning from incarceration face especially high barriers in finding affordable homes because of the added stigma of possessing a criminal record . This stigma can also make it hard to find services and employment.
As with all Jubilee Housing properties, more than half of the apartment homes in the new Ontario property will be set aside for families and individuals making 30 percent or less of the Area Median Income (AMI), which is about $35,000/year for a family of four. One-third of the units will be reserved for households making 60 percent AMI or less. The Ontario property is located near grocery stores, other Jubilee Housing properties, clinics and non-profit service providers.
“Deeply affordable housing is one of the resources needed to connect residents who have fewer financial assets to the growing prosperity of our city,” said Jim Knight, Jubilee Housing CEO. “ Justice housing helps level the playing field for families who otherwise may be pushed out of neighborhoods where they have built their lives. It fosters inclusion and equity for our city, proving that it is possible to locate affordable housing opportunities in high demand neighborhoods with ample amenities and resources. Jubilee Housing is committed to creating more justice housing for people who need it most.”
This purchase is the third of its kind by Justice Housing Partners, LP (The Fund), an innovative social investment fund that Jubilee Housing established in 2018. The Fund provides fast-strike capital designed to facilitate Jubilee’s purchase of some of the last remaining affordable housing development opportunities in the Adams Morgan, Columbia Heights and Mount Pleasant neighborhoods.
In addition to all of our donors and supporters, we would like to thank United Bank and Local Initiatives Support Corporation for their development financing assistance.
