Meet The New ARCH: Nonprofit Developer Transforms Into Arts Funder
Earlier this year, Washington Area Community Investment Fund (WACIF) acquired the Anacostia Arts Center from ARCH Development Corporation (ARCH). The much-publicized transfer of ownership is the capstone of a series of ARCH property divestures dating to 2016. The nonprofit is employing the proceeds of these sales to transform itself from a nonprofit developer into an arts funding powerhouse both in Historic Anacostia and the region.
