MHP’s Affordable Housing Efforts Get a $1 Million Boost from Citi Foundation

Silver Spring-based nonprofit housing developer MHP recently received a $1 million unrestricted grant from the Citi Foundation’s Community Progress Makers Initiative, which supports innovative organizations that connect low-income communities with greater social and economic opportunities.

According to an MHP press release, the organization plans to utilize the funding to “preserve and expand affordable housing across the DMV region in alignment with its mission of housing people, empowering families, and strengthening neighborhoods.”

Through an open proposal request process, MHP was one of five nonprofits in the greater Washington, D.C. region selected as part of the Community Progress Makers Initiative’s fourth cohort (PDF). The selection focused on organizations working in affordable housing and access, economic development, financial health, and workforce readiness.

“We’re proud to be among the Citi Foundation’s Community Progress Makers,” MHP President Robert A. Goldman said. “This funding allows us to expand quality affordable housing for thousands of people in a region that is facing an affordable housing crisis. As the largest nonprofit real estate developer in Montgomery County, we are committed to serving low-income residents, and with the Foundation’s generous funding and extensive resources, we can amplify our impact.”

The news follows MHP’s recent announcement of its new $20 million campaign to “make home possible for all” and double its affordable housing impact by 2030, of which MHP has already raised over 79 percent.

Currently celebrating its 35th anniversary, MHP’s affordable housing pipeline has been active. In 2023 alone, it completed the construction of Colonnade at the Creek, a 96-unit garden-style property in Takoma Park; broke ground on The Residences at Forest Glen, a 189-unit ground-up redevelopment in Silver Spring; broke ground on renovations at Worthington Woods, a 395-unit apartment in D.C.; completed the North Frederick Apartments financial close and the restoration of the Flower Theatre façade; and approved the sketch plan for the upcoming Amherst Square / Wheaton Arts partnership deal.

MHP was recently named 2023 Nonprofit Developer of the Year by Washington Business Journal.

Graphic Courtesy of Citi Foundation

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