DC Council Must Prioritize Displacement Prevention and Affordable Housing Preservation
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Despite DC Council’s approved fiscal year (FY) 2024 budget investments in key programs, it doesn’t go far enough to meaningfully address stark racial and economic inequities.
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As prosperity and population in DC grow, residents with low incomes increasingly struggle with the District’s high and rising housing costs.
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Given the enormity of its affordable housing crisis, the District needs a thoughtful anti-displacement strategy that pairs long-term solutions with programs that meet residents’ urgent needs, and strong oversight of both.
The DC Council voted unanimously this week to advance the fiscal year (FY) 2023 budget, which goes beyond the Mayor’s proposal to make critical investments in many of DC’s most underserved communities.
Creating and preserving truly affordable housing is critical to disrupting historical harm and advancing racial equity in the District and this massive investment could go a long way towards addressing DC’s affordable housing crisis
Many advocates, however, would like to see more. Kate Coventry, senior policy analyst at DC Fiscal Policy Institute, is hoping to see the council provide additional funding to serve families experiencing or at risk of homelessness.