Mayor announces investment in affordable housing units in DC

Investment in housing to help with 800 new, renovated units
  • Mayor Muriel Bowser is investing in providing affordable housing in D.C.
  • She promised to work on affordable housing and homelessness when she campaigned for mayor.
  • The $82 million allocated to the housing fund will help provide 800 housing units.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

An important campaign promise made by DC Mayor Muriel E. Bowser looks to be on its way to coming true. Last Friday, Mayor Bowser announced that she’s earmarked a remarkable $82 million from the city Housing Production Trust Fund to build or preserve more than 800 affordable housing units in DC. During her first year in office, she made a $100 million investment in the Fund. Part of her campaign promises included taking action in the face of staggering rent increases in DC. The money will preserve 466 existing housing units and also will create an additional 338 throughout 12 development projects. In all, 1,700 people are or would be housed in those 800 units. People living there now would keep their homes, and the city would help pay for increased costs. Seven of the projects are in the city’s poorest neighborhoods east of the Anacostia River. They would receive attention first. The Democratic mayor has plenty on her plate in regard to housing. She’s also made...