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HUD No. 22-105 HUD Public Affairs (202) 708-0685 FOR RELEASE Wednesday June 1, 2022 Secretary Fudge Launches “Our Way Home” Initiative to Increase Affordable Housing Supply in Local Communities Secretary Fudge, HUD Regional Administrators to lead a Department-wide Day of Action for Our Way Home Campaign Launch WASHINGTON - U.S. Housing and Urban Development Secretary Marcia L.

Drew Angerer/Getty Images 25 May 2021 District of Columbia Mayor Muriel Bowser invited the press, developers, and housing advocates to attend her affordable housing announcement on Monday with the Springs Flat development in Ward 4 as a backdrop. Bowser said a supplemental budget for the current fiscal year will add $150 million to the Housing Production Trust Fund, the city’s primary source for affordable housing financing. Bowser also wants $250 million more in the fund in 2022. The funding must be approved by the D.C. Council. “You know affordable housing is my baby,” Bowser said at ...

The investment could generate an additional 2,700 affordable homes, according to the mayor.

The crowd outside the Spring Flats development in Petworth, where Mayor Bowser announced a $400 million investment in the Housing Production Trust Fund. Image by the author. Mayor Muriel Bowser announced Monday that the budget she will propose to DC Council this week will include $400 million for the Housing Production Trust Fund (HPTF), DC’s primary program for building affordable housing. The investment, which is four times what the mayor’s office has historically allocated for HPTF each year, will allow DC to produce 3,000 more affordable homes, Bowser said. $150 million of the funds w...

Mayor Muriel Bowser will deliver her budget to the D.C. Council on Thursday. With the new project in the Petworth neighborhood Spring Flats nearing completion behind her, Bowser said she plans to commit $400 million toward housing when she presents her budget. “My budget will include enough local rental supplement program vouchers to ensure that 50% of the homes produced using the FY 22 Trust Fund dollars are for residents making between zero and 30% of the median family income, and we know that’s a big deal,” Bowser said. She set a goal of creating 36,000 new housing units in D.C., 12,...