Bowser Adds $400M To D.C.’s Affordable Housing Fund Over 2 Years

Washington, D.C.’s main fund for subsidizing affordable housing will get a significant boost over the next two years, allowing hundreds of new units to be developed. 
Mayor Muriel Bowser announced Monday that the city is making a $400M investment to the Housing Production Trust Fund between this year and next year. 
The mayor said she is adding $150M into the fund in her supplemental budget for Fiscal Year 2021, and she is dedicating another $250M in her proposed budget for FY 2022.
She said these investments will deliver 2,700 units of affordable housing over the next two to three years, with up to 1,000 of those “deeply” affordable,…

Leave a Comment

Your email address will not be published. Required fields are marked *