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D.C. Mayor Seeks $400 Million for 2,700 'Affordable' Homes by 2023


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 event.
Spring Flats is a concept in keeping with the left-wing philosophy that forced income and racial “diversity” creates better neighborhoods, a September 2020 report announcing the development confirmed: ....

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Bowser announces surge of affordable housing funds in next year's budget – Greater Greater Washington


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 will be in Bowser’s supplemental Fiscal Year 2021 budget, with another $250 million in FY2022. Bowser announced that the budget will also include Local Rent Supplement Program vouchers. That will ensure that half of the homes built using FY22 dollars are affordable for residents making less than 30% of the Median Family Income, she said. ....

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DC mayor lofts $400 million investment in affordable housing in new budget


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., 12,000 of those affordable units, by 2025. Deputy Mayor John Falcicchio said the mayor is on track to have committed $1 billion since she took office in 2015. ....

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