True Ground has received a $1.5 million philanthropic commitment from Vivmark Residential, the multifamily company created through the merger of AvalonBay Communities and Equity Residential. The new funding reflects an expansion of the organizations’ existing relationship and is aimed at broadening access to stable, affordable housing for individuals and families.
The four-year commitment formalizes Vivmark Residential’s continued partnership with True Ground, with a focus on pairing affordable housing with resident services that support long-term stability. True Ground is working toward a goal of enabling 7,500 affordable homes by 2029, and the additional support from Vivmark is intended to reinforce that trajectory by underwriting services that help residents remain housed and build stronger communities.
According to the announcement, the collaboration is centered on the idea that housing is foundational to residents’ overall well-being and opportunity. By backing True Ground’s resident-focused programming, the contribution is designed to complement the physical expansion of affordable housing with services that address the day-to-day needs of households living in those communities.
Benjamin Schall, CEO and President of Vivmark Residential, noted in the announcement that housing is core to Vivmark’s mission and aligned with True Ground’s approach. He emphasized that Vivmark is looking to deepen the relationship at a time when the demand for affordable housing and related services is described as particularly acute. The statement underscores Vivmark’s intention to partner with organizations that share its focus on the role of home in residents’ lives.
The investment will be directed to True Ground’s resident services across the greater Washington, D.C. region. These services are positioned as a key component of True Ground’s model, supporting housing stability and community prosperity alongside the planned growth of its affordable housing portfolio through 2029.
The announcement also highlights the broader multifamily context, pointing readers to Connect Apartments as a source for insights from industry leaders on capital markets, development, operations, financing, and investment trends. Within that broader industry backdrop, the Vivmark-True Ground commitment illustrates how multifamily platforms and nonprofit housing organizations are aligning philanthropic capital with resident service strategies to advance affordable housing outcomes.
