Neighborhood Housing Services, Inc., a non-profit corporation that works to preserve the housing stock in Anacostia, has been given $53,000 in operating funds by the Metropolitan Washington Savings and Loan League, and $26,000 by D.C. Bankers Association.
Since mid-1976, the housing organization has helped place $735,000 in loans for single-family houses and renovation in the old Anacostia neighborhood of Southeast Washington. Some $162,000 in loans were made by local lenders. The rest were low-interestloans to moderate-income families made through the housing corporation's revolving loan fund. The fund consists of contributions from the Ford, Meyer, Cafritz and Public Welfare foundations.
Neighborhood Housing Services officials say the while old Anacostia, originally known as Uniontown, has beautiful old homes and a high percentage of renters, the neighborhood's "depressed housing market" has kept speculators away from the area. This has given residents time to fix up their own houses before "real estate values become prohibitive," the organization said.
The housing group said it also helped obtain a $2.5 million grant from the Commerce Department's Economic Development Administration for street improvements there.
A second such private housing program is being planned for the District, the group said.