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Mayor Bowser Announces 1,000 Affordable Housing Units Created or Preserved Through FY20 Housing Trust Fund Investment

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Today, Mayor Muriel Bowser announced that at the close of its 2020 Fiscal Year (FY20) the Department of Housing and Community Development (DHCD) committed more than $104.5 million from the Housing Production Trust Fund (HPTF) to 22 projects that will create or preserve more than 1,000 affordable housing units for District residents.

Mayor Bowser announces funding for multiple affordable housing projects

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D.C. Mayor Muriel Bowser announced on Wednesday that over $104.5 million has been committed by the Department of Housing and Community Development to 22 affordable housing projects in the 2020 fiscal year.

The funding, sourced from the Housing Production Trust Fund, will facilitate the creation or maintenance of over 1,000 affordable housing units.

“Our commitment to producing and preserving affordable housing in Washington, D.C. has not waivered during the public health emergency,” Mayor Bowser said.

WDVM/Anna Wiernicki

 

Douglas Development, D.C. ask for a $38.5 million federal loan guarantee for New City

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Douglas Development Corp. is working with the District to secure $38.5 million in federal loan guarantees to back its New City DC project near Ivy City, arguing it can't get the project off the ground without the backing.

The 1.6 million-square-foot project is “not financially feasible” without the loan guarantee as the company “cannot attract additional private financing” unless it gets access to that $38.5 million, city officials wrote in an application, citing information from Douglas, posted to the District's website Sept. 21.

Rent Control Reform Takes Center Stage at DC Housing Committee Hearing

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The DC Council Committee on Housing and Neighborhood Revitalization held a nearly nine-hour hearing on Thursday that covered five pieces of legislation related to rent control in the city. However, testimony at the hearing was less about the bills and more about the need for broader rent control reform….

Testimony was divided in two camps: tenants who think means-testing would be divisive and burdensome, and landlords and other advocates in the real estate industry who think means-testing would ensure rent control contributes to the city's affordable housing stock.

If D.C. expands rent control, impacted landlords could win huge tax breaks. That's alarming lawmakers.

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"Certificates of assurance” might sound like dry legal documents, but they could generate windfalls for D.C. landlords or perhaps even handcuff lawmakers if they ever try to expand rent control protections in the city.

Its technical-sounding name aside, the principle behind these certificates is relatively simple: if D.C. expands its definition of which buildings fall under rent control, the owners of any affected properties can ask for a tax credit to offset that change….

Help for DC Tenants

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Under the terms of the DC Health Emergency declared by Mayor Muriel Bowser (D) on March 11, 2020, District residents cannot be evicted or charged late fees until Dec. 9. Landlords must offer a payment plan to any tenant in arrears to help them become current.

To be eligible for a payment plan, a tenant must:

  • have a current residential lease agreement;
  • notify the landlord or property manager of an inability to pay all or a portion of the rent.

Landlords are required to:

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