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Mayor Bowser Directs $90 Million to Produce & Preserve 800 Affordable Housing Units
Tue, 02/02/2016 - 1:53pm
Twelve projects will house nearly 1,800 District residents.
Mayor Muriel Bowser has announced 12 projects that will provide more than 800 units of affordable housing in the District. These projects represent nearly $82.2 million in public funding and will house approximately 1,760 District residents.
Last year, in her first budget, Mayor Bowser committed an historic $100 million for the Housing Production Trust Fund. This effort makes good on Mayor Bowser’s pledge to use those dollars for the production, preservation and protection of affordable housing.
The 804 affordable units include the preservation of 466 units and the production of 338 new units. Out of that total, 216 units will be designated for residents making 30% of the Area Median Income (AMI), 399 units will be designated for residents making 31%-50% AMI, and 187 units will be designated for residents making 51%-80% AMI. In addition, 83 units will be used as permanent supportive housing units for the homeless, which supports the mayor’s goal to end homelessness in the District by 2020.