Welcome to True Ground and to our 2024 Impact Report. I want to extend my personal thanks to every resident, partner, board member, and staff member for a year of inspiring growth. We remain deeply committed to our mission and to creating welcoming spaces for all residents who call a True Ground community home thanks to your generous support.
Affordable housing is now at the top of the agenda within communities across the country. Nationally, we are experiencing a shortage of more than 7 million affordable homes. In the DC metro region alone, we need more than 225,000 affordable homes by 2030 to meet the growing demand. As a regional leader, True Ground is thoughtfully engaging with our partners to continue building homes, providing compassionate services to over 5,700 residents, and scaling up our operations to make a difference when housing access is becoming even more challenging.
At the enterprise level, we completed the transition from APAH to True Ground Housing Partners, signaling our regional commitment to providing affordable homes and nurturing brighter futures. This year was our most successful fundraising year to date thanks to your support. We appreciate working with donors, volunteers, and philanthropic partners who share our belief that hope, like a home, needs nurturing and care.
From a real estate perspective, we continue to innovate and demonstrate resourcefulness when developing or redeveloping affordable communities. In 2024, we grew our development pipeline, opened two new properties, and advocated for financing and policy changes at the local, state, and federal levels.
From a resident success perspective, we’re proud to provide opportunities to support residents as they strive for their dreams. In 2024, we implemented programs to support mature adults’ health and wellness, provided financial wellness resources and college readiness for young adults, reduced barriers to food access for families across the region, increased our volunteerism efforts, and strengthened our service partnerships.
All of this…because at True Ground, we believe that stable housing provides a firm foundation for success. With housing access becoming even more challenging, we’re dedicated to strengthening our communities and building hope for everyone, no matter their economic circumstances. That’s why our resident services team provides transformative and engaging programming to promote residents’ social and cultural capital. With your support, True Ground programs enable residents to have a seat at the table, designing and participating in activities that instill dignity, kindness, and respect in every interaction.
We are encouraged by progress made toward the bold goals outlined in our 5-year strategic plan. But more important than achieving our goals is what grounds us, a belief that everyone deserves a place to call home—a foundation to build their dreams. Thank you for being part of our story for True Ground’s first 35 years; we have a lot of ground to cover in the next 35. Together, let’s create a welcoming environment where everyone can thrive.
