A big part of the working capital that helps District of Columbia open its doors to families, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $45 billion in the District of Columbia with bonds for education and affordable housing, and mortgages for residential, office space, retail and more. We are here to strengthen communities and families across the nation's capital.
- $27 billion in stocks and bonds that help finance business development and create new jobs
- $6 billion in real estate, loans and other investments
- $13 billion in mortgage loans on farms, residential, and commercial property
Investing in Office Space
Decorated with monuments and filled with federal buildings,
Washington, D.C. also is teeming with much-needed office space. Life
insurers have helped provide the financing, investing $6.7 billion in
mortgages for office space in the nation’s capital.
Investing in Apartments/Multifamily
Life insurers have invested $4 billion in mortgages for apartment
buildings and multifamily units, helping individuals and families call the
District of Columbia “home.”
Investing in Retail
The National Retail Federation reports that 14 percent of the jobs in
the District are supported by retail. Life insurers are part of this
employment story, providing $331 million in mortgages for retail
operations.
Investing in Infrastructure
Life insurers have invested $570 million to finance the District of
Columbia Water and Sewer Authority.
Investing in Education
Life insurers have purchased bonds issued by Howard University,
George Washington University, Georgetown University and American
University. In all, they have invested $321 million in higher education
in the nation’s capital.
Investing in Affordable Housing
Life insurers have purchased $66 million in bonds that promote
affordable housing in the nation’s capital.