Preservation Works: LISC DC’s Role in Preserving Quality Affordable Housing was published in October of 2016. This report highlights the role we have played over the last 30 years and tells the stories of residents who have worked tirelessly to preserve their homes, allowing them to live, work, and raise their children with one less worry.
Access to affordable housing should not be among the daily concerns of low-income households. Yet, it is. In fact, according to a recent study, the dominant stress among low-income residents in the District of Columbia is finding and keeping affordable housing. In a city where the increases in housing costs outpace the growth in household earnings, quality affordable housing is elusive for many.
One key to addressing the need is to preserve the existing, occupied multi-family apartments that already meet the needs of lower income households. Preservation can be less costly than building new units, but more importantly, preserving existing stock helps families avoid displacement and feel more secure about their place in the District of Columbia.
LISC DC has taken action by investing in the preservation of existing affordable housing. In this publication, we let the families living in preserved affordable apartments tell their own stories, so that those most immediately impacted by housing preservation could speak to its importance and challenges.