(WASHINGTON, DC) – On Monday, the Bowser Administration will announce enhancements to the District’s first-time homebuyer programs that will give more residents a fair shot at a pathway to the middle class by expanding opportunities for home ownership in Washington, DC. The changes will increase the budget for DC’s homebuyer programs; increase the Housing Purchase Assistance Program’s (HPAP) maximum loan amount; revise the repayment terms for 70 percent of HPAP borrowers; and add an additional HPAP administrator, making the program more efficient. Since taking office, Mayor Bowser has made affordable housing a major focus of her Administration, committing an unprecedented $100 million annually to the Housing Production Trust Fund to step up the production and preservation of affordable housing units in Washington, DC.
Monday, December 12 at 11 am
LaRuby May, Ward 8 Councilmember
Brian Kenner, Deputy Mayor for Planning and Economic Development
Polly Donaldson, Director Department of Housing and Community Development
DC Department of Housing and Community Development
1800 Martin Luther King Jr. Avenue, SE
*Closest Metro: Anacostia Metro Station*
*Bus Lines: 90, 92, A9, B2, P6, V2, V5
Press planning to attend the event are asked to RSVP to [email protected].