Elsewhere online
May 06, 2016

Group Pledges $50 Million to Mitigate Gentrification in D.C.

In anticipation of a major development project, a national nonprofit has pledged $50 million to protect low-income residents from displacement and other effects of gentrifications in the Washington neighborhood of Anacostia, The Washington Post reports.

The Local Initiatives Support Corp., a community-developnment financial institution, said the money will support nonprofits that provide affordable housing, early childhood education, food support, and other services in the largely African-American community located across the Anacostia River from Capitol Hill. Anacostia has already seen climbing housing prices, years ahead of a proposed $45 million development along the river.