E*Trade Financial Corporation Foundation

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Preventing Displacement by Fostering Affordability in Washington, D.C.

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Low- and moderate-income individuals in the Washington, D.C., metropolitan area are severely challenged when it comes to finding an affordable place to live. Data from the Urban Institute reveals that 150,000 households pay more than 50 percent of their gross income for housing, and that number is rapidly growing. 

Thanks to the generous support of E*Trade Financial Corporation, Enterprise is providing technical assistance to the greater  Washington, D.C. area development community and advocating for policies to ensure there is an ample stock of homes affordable to low- and moderate-income people – homes that are well-designed and connected to good jobs, quality schools and health care. 

In addition, we are taking advantage of the once-in-a-generation infrastructure investment in the new Purple Line in D.C.-area transit. Our collaborative efforts as part of the Purple Line Corridor Coalition aim to ensure that low-income communities and small businesses survive the construction and thrive when the line opens in 2022.