The Mid-Atlantic Preservation Academy aims to support affordable housing organizations and owner operators in preserving affordable small- and medium-multifamily housing through an engaging cohort based training series and grant opportunity in 2025.
Donor Name: Enterprise Community Partners
State: District of Columbia, Maryland, Virginia
County: All Counties
Type of Grant: Grant
Deadline: 04/14/2025
Size of the Grant: $10,000 to $100,000
Grant Duration: 1 Year
Details:
If selected for the Preservation Academy, every participating organization will have access to:
- Training and peer-learning sessions
- Grant funding
- Technical assistance
Mid-Atlantic Preservation Academy: Topics
The Mid-Atlantic Preservation Academy will consist of an in-person kickoff event for selected cohort organizations and four (4) virtual sessions. The academy will cover the following topics across the following sessions:
- Preservation Academy cohort kickoff: This in-person session will highlight the critical role SMMF properties play regionally and nationally, barriers to and opportunities for SMMF preservation, and provide a framework to assess organizational capacity to successfully undertake SMMF preservation.
- Identifying and rehabilitating SMMF properties: This session will provide a framework for evaluating potential SMMF preservation opportunities, including scoping rehabilitation, and an understanding of unique rehabilitation needs of SMMF properties, common pitfalls and challenges, and strategies to overcome them.
- Financing SMMF properties: This session will provide an overview of local, state, and national financing resources to support SMMF projects, guide cohort members through a financial modeling exercise to evaluate a project’s financial feasibility and highlight strategies to meet financing gaps and preserve affordability.
- Managing a SMMF property/portfolio: This session will cover property and asset management models and best practices for SMMF properties.
- Sustainability of SMMF properties: This session will conclude the Preservation Academy with topics identified by cohort members during the academy. Potential topics include eviction prevention, climate resilient housing practices, and public policies for housing preservation, among others.
Funding Information
Organizations selected to participate in the Mid-Atlantic Preservation Academy will be eligible to receive up to $30,000 in grant funding to support capacity building and activities related to preserving small and medium-multifamily properties. A total of eight (8) organizations will be selected for this cohort; and those selected are automatically eligible to receive grant funding.
Grant Period
Grant agreements will be up to 12 months, extending beyond the training series schedule.
Eligible Activities
Examples of grant activities include:
- Business planning for SMMF preservation
- Market and feasibility study
- Site evaluation and property identification
- Financial feasibility analysis
- Project management and development support
- Property management or asset management planning
- Organizational capacity building and training.
Eligibility Criteria
- The Mid-Atlantic Preservation Academy is open to the following types of organizations located in the District of Columbia, Maryland, or Virginia:
- 501(c)(3) nonprofit organizations who develop or manage affordable housing in communities
- For-profit housing developers and owner-operators
- Interested entities who fall outside of the categories above but are involved in affordable housing development and management may contact Enterprise directly to confirm eligibility. Enterprise will select up to eight (8) organizations to participate in the Mid-Atlantic Preservation Academy. Multiple staff from organizations are encouraged to participate. Final selection seeks to have a balance of organization types and geographies represented.
For more information, visit Enterprise Community Partners.
