Affirmative stands against racism, inequality and injustice.
Affirmative Investments is a mission-based finance and development firm that stimulates economic development, expands housing opportunities, and delivers critical services in low-income communities in partnership with community-based organizations.
- AI closes debt financing on DC SAFE’s “Safe Space” Shelter Facility and Office - Affirmative Investments, Inc. secured and closed on $2.93MM of subordinate debt financing from City First Enterprises and BlueHub Capital for DC SAFE’s “Safe Space” project. DC SAFE is Washington DC’s only 24/7 domestic violence organization, providing housing placement, advocacy, counseling services, and referrals to domestic violence survivors in the District. The project will provide 30… READ MORE »
- Theatre Company begins renovation of its historic home - Affirmative Investments, Inc. assisted the Huntington Theatre Company in securing debt and tax credit financing for the renovation of its historic Huntington Avenue Theatre. Once completed, the renovation will create a 750-seat theater that will provide additional cultural performances to the public, expand its youth educational programming, grow its apprenticeship and workforce development programs; and… READ MORE »
- Affirmative’s Work with the Falmouth Housing Corporation Continues - This past year AI and our partner the Falmouth Housing Corporation have been as busy as we ever have creating affordable housing in Falmouth. We completed Little Pond Place & Gifford Workforce Phase I, and began construction on Phase II, 60 affordable apartments in all. We completed construction and fully leased up Little Pond Place,… READ MORE »
- Nubian Square incubator aims to buy the building it’s been renting - Affirmative is excited to be a financing partner on the Nubian Ascends Team. Kai Grant and her husband, Chris Grant are working to purchase the building in partnership with Madison Park, a 55-year-old community development corporation that has helped build affordable housing in the city and restore Hibernian Hall. Madison Park will provide technical assistance,… READ MORE »