MARYLAND: DASH Fund

DASH Fund

Baltimore, MD

DASH, or Developing Affordable Starter Homes, is a program creating a fund that will result in positive race and wealth equity outcomes from increased neighborhood stabilization, minority homeownership, and job creation.

The DASH Fund provides flexible and well-priced debt capital to small developers who acquire, renovate, and re-sell affordable single-family homes. The homes must be 1-4 unit, single family properties located in NIIF’s Eligible Neighborhoods. The Fund is led by the National Community Stabilization Trust, a national non-profit with a focus on neighborhood redevelopment, minority homeownership and neighborhood stabilization. With support from Baltimore City DHCD and NIIF, the Fund is committing $3 million to this pilot initiative.