Victory Housing

Across Washington, D.C.–Maryland–Virginia region, eight affordable multifamily communities are advancing on-site solar through a collaborative financing effort that brings together housing, clean energy, and mission-driven capital. Through NHT Victory Solar 2 LLC, National Housing Trust (NHT) is developing a 1.2 MW portfolio of commercial solar installations across properties owned by Victory Housing, a nonprofit serving low- and moderate income residents. Once operational, these systems are expected to generate roughly 1.5 million kilowatt-hours of clean energy each year and avoid more than 20,000 metric tons of CO₂ equivalent over 20 years.

At the center of the effort is a shared commitment to strengthening affordable housing through long term energy affordability. NHT and its affiliates have long integrated renewable energy into their housing preservation strategy, recognizing solar as both an environmental and financial asset. For mission-driven housing providers, lower and more stable energy costs help protect residents from rising utility burdens, strengthen property operations, and support long-term housing quality.

The solar power produced on each property will offset common-area electricity usage and be sold to Victory Housing at a 50% discount to grid rates under long-term Energy Service Agreements. The portfolio also includes one battery energy storage system that will provide backup power to a community room, creating a dedicated “resiliency space” during outages. Altogether, the systems are projected to reduce utility expenses by approximately $149,000 annually, an especially meaningful benefit as Washington, D.C. electricity prices have risen more than 90% over the past five years.

Delivering this portfolio required coordinated capital and complementary expertise. In partnership with the Montgomery County Green Bank and NHT’s affiliated CDFI, Locus provided construction-to-permanent financing to support installation across all eight properties.

By combining nonprofit housing leadership, flexible financing, and technical expertise, this partnership expands access to clean energy while strengthening long-term housing stability for residents across the region.