The Housing Production Trust Fund, the District’s largest fund for creating affordable housing, is expected to receive $263 million as a result of a budget surplus.
Eliana Golding, a housing policy analyst at the DC Fiscal Policy Institute, said she would be hesitant to draw conclusions about IZ’s effects on the overall market without knowing the specifics.
Momentum is building among D.C. lawmakers and advocates to make another hefty investment in repairing and redeveloping the D.C. Housing Authority’s most troubled properties.
The D.C. Fiscal Policy Institute article showed that 90% of households most in need of affordable housing are Black and brown and spend more than 50% of their income on rent.
A recent report from the DC Fiscal Policy Institute reported that 9,900 units have been produced using the HPTF since 2001.
Kate Coventry, a senior policy analyst for DCFPI, offered suggestions on how the Biden administration can address the wide gaps between the wealthy and the working-class in the District.
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Affordable housing is one area that, if supported with robust, recurring funding, can provide long-term safety and stability for low-income and Black and brown communities facing skyrocketing housing prices in the District.
DC’s enormous affordable housing challenges calls for a bold response. Having a safe and affordable place to call home is fundamental to positive life outcomes—in school performance, job retention, physical and mental health, and economic security. But for […]
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