As More Churches Approach Fiscal ‘Breaking Point,’ Housing Projects Are Providing A Lifeline
Churches in cities around the country have faced declining memberships and revenues over the last decade, a trend that has been exacerbated by the coronavirus pandemic.
As land becomes scarce in cities that are looking to build more housing, religious institutions are increasingly partnering with developers to build on their large pieces of valuable urban property, unlocking a long-term source of income for churches that are struggling financially. A rendering of the proposed redevelopment of the Wisconsin Avenue Baptist Church site, including a new church building and 86 senior housing units.