DC Housing Enterprises Co...

DC Housing Enterprises Commits $15.5M of New Market Tax Credits to Volunteers of America Chesapeake & Carolinas

FOR IMMEDIATE RELEASE: CONTACT:
Dec. 29, 2025 Alison Burdo, [email protected]

DC Housing Enterprises Commits $15.5M of New Market Tax Credits to Volunteers of America
Chesapeake & Carolinas

Funds to support expansion of health and human services in Washington, D.C.

Washington, D.C. [Dec. 29, 2025] - The D.C. Housing Enterprises (DCHE), a nonprofit affiliate of the District of Columbia Housing Authority (DCHA), has committed $15.5 million of New Market Tax Credit (NMTC) allocation to Volunteers of America Chesapeake & Carolinas (VOACC). The funding will provide critical working capital to expand VOACC's capacity to deliver essential health and human services to underserved residents in Washington, D.C.

The $15.5 million NMTC allocation will support the expansion and enhancement of a range of VOACC programs available in DC for low-income individuals including:

• Services for persons with intellectual and developmental disabilities;
• Medical respite care for unhoused individuals recovering from hospitalization;
• Workforce development and employment support;
• Mental health and substance use recovery services.

"The NMTC program is a valuable tool that spurs economic development and helps expand access to critical services in under-resourced neighborhoods," said DCHA Executive Director Keith Pettigrew. "This investment will help address disparities in access to healthcare and other support services, and in turn, foster the well-being and success of District families."

"These funds allow us to scale and sustain vital services for individuals who face barriers to stability, health, and employment. The New Market Tax Credit investment strengthens our mission to serve those most in need and helps accelerate development of our new D.C. headquarters and service hub," said Candace Vanderwater, President & CEO, VOA Chesapeake & Carolinas.

This investment will increase VOACC capacity to meet the growing needs of the communities it serves in the DMV region. In 2024, VOACC supported more than 9,700 individuals and families across Maryland, Virginia, D.C., and the Carolinas through 37 programs focused on housing, health, and human services.

"We are proud to partner with VOA Chesapeake & Carolinas and DC Housing Enterprises to invest in equitable community growth. In a city where access to essential health and human services remains a critical need for many residents, this project exemplifies how the NMTC program can strengthen nonprofit providers that deliver vital services for underserved communities," said Scott Pinover, Executive Director, Northeast Deal Team Manager, Wells Fargo Bank, NA.

The funds are part of $55 million of NMTC allocated to DCHE in October 2022 by the U.S. Treasury's Community Development Financial Institution Fund to deploy capital into economically distressed communities and businesses.

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About D.C. Housing Enterprises
D.C. Housing Enterprises is a Washington D.C.-based nonprofit community development entity and affiliate of the District of Columbia Housing Authority. DCHE was certified as a community development entity in 2009 to attract greater investments to the District of the Columbia to support the financing of commercial, mixed-use and community facility projects that are critical to the creation of healthy and economically vibrant mixed-income neighborhoods. Since its founding, DCHE has closed on $150 million in funding for projects in education, affordable housing, health care and other services needed by low-income District residents.

About DC Housing Authority
The District of Columbia Housing Authority (DCHA) is committed to providing safe, affordable, and quality housing to the residents of the District of Columbia. The agency emphasizes fostering a collaborative work environment to meet the highest expectations of the affordable housing industry. With a focus on innovation and community development, DCHA strives to improve the lives of individuals and families by creating sustainable and thriving communities. Learn more at our website about DCHA and the work that the agency is doing to impact the residents of Washington, D.C.

About Volunteers of America Chesapeake & Carolinas
Volunteers of America Chesapeake & Carolinas ("VOACC") is a faith-based, nonprofit organization whose mission is to inspire self-reliance, dignity, and hope through housing, health and human services. At VOACC, we have been helping to create Healthy Communities for All for over 129 years by aligning housing, health and human services. We actively pursue health equity by filling the gap in housing and care for underserved populations, including those who are experiencing homelessness, low-income, underinsured or uninsured, justice-involved and veterans. By offering integrated housing and care, we address the social determinants that impact the long-term stability for those in need. Through a dedicated team of management, staff and volunteers who are guided by our Core Values - Visionary, One Body, Integrity, Compassion, Excellence, and Faith - we are the safety net for thousands of men, women and children each year across Maryland, the District of Columbia, Virginia and the Carolinas. We operate 37 programs focused on eight areas of service: homeless services, affordable housing, mental health, substance use recovery, intellectual/developmental disabilities services, community re-entry, veteran services and workforce development. VOACC has over 500 staff members and more than 2,000 volunteers. The organization helps over 9,700 individuals and families every year from Maryland, Virginia, the District of Columbia and the Carolinas. For more information on VOACC, please visit www.voachesapeake.org

Last Updated on December 29, 2025