Post by Logan on Jan 30, 2016 2:01:25 GMT -6
D.C. Mayor Muriel E. Bowser said Friday that she has allocated more than $82 million from the city’s Housing Production Trust Fund for the creation or preservation of more than 800 units of affordable housing.
The promise to expand affordable housing in a city of skyrocketing rents was a cornerstone of the Democrat’s mayoral campaign, and during her first year in office, she has allocated $100 million to the Housing Production Trust Fund.
“We all know that housing affordability is one if not the top issue in the District of Columbia,” Bowser said at a news conference at the city’s Department of Housing and Community Development headquarters in Southeast. “And everything that we do is going to help make more people be able to afford to live in Washington, D.C.”
The allocation will preserve 466 existing units and create an additional 338. Bowser’s office said the units would house more than 1,700 people, and the majority will be allowed to stay put — rather than be priced out — with the help of the city funds.
Read more: www.washingtonpost.com/local/dc-politics/dc-to-direct-82-million-to-new-and-existing-affordable-housing/2016/01/29/3f10d808-c6d1-11e5-9693-933a4d31bcc8_story.html
The promise to expand affordable housing in a city of skyrocketing rents was a cornerstone of the Democrat’s mayoral campaign, and during her first year in office, she has allocated $100 million to the Housing Production Trust Fund.
“We all know that housing affordability is one if not the top issue in the District of Columbia,” Bowser said at a news conference at the city’s Department of Housing and Community Development headquarters in Southeast. “And everything that we do is going to help make more people be able to afford to live in Washington, D.C.”
The allocation will preserve 466 existing units and create an additional 338. Bowser’s office said the units would house more than 1,700 people, and the majority will be allowed to stay put — rather than be priced out — with the help of the city funds.
Read more: www.washingtonpost.com/local/dc-politics/dc-to-direct-82-million-to-new-and-existing-affordable-housing/2016/01/29/3f10d808-c6d1-11e5-9693-933a4d31bcc8_story.html