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DC Housing Enterprises (DCHE) recently closed a $12.1 million loan for Educare, a new school that will offer a holistic and research- oriented, best practices approach towards education for 175 students from low-income households, ages six weeks to five years old.

DCHE, the nonprofit development subsidiary of the District of Columbia Housing Authority (DCHA), provided New Market Tax Credits (NMTC) to ithe Educare DC project, which also provided Ward 7 with new job opportunities for low-income District residents.

The NMTC program attracts investment capital by allowing individual and corporate investors to receive tax credits when they make equity invest­ments in these communities. DCHE partnered with Bounce DC, US Bank, United Planning Organization (UPO), the Buffet Early Childhood Fund and others to finance the LEED Certified Educare DC building, with total redevelopment costs of about $24.3 million.

“The NMTC allocation has helped DCHE play a major role in the District's economic development, and the program has become a central element for cultivating, developing and managing productive community assets,” said DCHA Executive Director Adrianne Todman. “DCHE supports projects that, while not always strictly housing development, are important to the economic and cultural lives of District citizens—including its public housing residents.”
Educare DC is located at 650 Anacostia Ave, NE, the neighborhood including public housing community Kenilworth Courts, and the project includes a $500,000 Community Benefits Donation to DCHA for job training and workforce development.

Educare DC’s program services will be funded by Head Start, Child Care Reimbursement, Office of the State Superintendent of Education (OSSE) Pre-K and other educational funding sources.

The Educare facility is part of a place-based approach to help neighborhoods in distress transform themselves into neighborhoods of opportunity; it has caught fire in DC’s Kenilworth-Parkside neighborhood. Community leaders moved quickly to engage civic-minded residents and property owners to take advantage of the Administration’s desire to fund transformative programs.

DCHA focuses on the housing, neighborhood and people of Kenilworth-Parkside. Needless to say, the goals and objectives of both organizations are totally synergistic. DCPNI is focusing its work on a two generation approach to support the children and their families – from birth through school, career and community service – to achieve the educational objectives of the community's transformation. Both DCHA and DCPNI have engaged the Urban Institute as their data/evaluation partner so data, analysis and evaluation methods, tools and outcomes can be shared.

The Educare ribbon cutting was a grand event.  Attendees included both current and former DC Mayors, ward representatives, and a host of other community officials and activists.
The Educare ribbon cutting was a grand event. Attendees included both current and former DC Mayors, ward representatives, and a host of other community officials and activists.
Last modified: 12/30/2014 6:32:23 AM