Today Mayor Gray released his proposed DC budget, including $100 million in additional money for affordable housing! We applaud Mayor Gray for following through on the commitment he made at the State of the District Address this winter. His plan makes strong investments in the production and preservation of affordable housing. (See a full description of the housing and Small Business Technical Assistance budgets here.)
Without your participation in rallies, hearings, town halls, and meetings, none of this would have been possible! CNHED members and Housing For All Campaign supporters have been vocal advocates for affordable housing programs in general, especially raising the issue of the unfair cut to the Housing Production Trust Fund and explaining its value in our communities. The $100 million we’ve won will keep hundreds of DC families in housing they can afford by providing home ownership opportunities, allowing tenants to purchase their homes, building affordable rental apartments, and creating supportive housing. We also applaud the great work of the CNHED Economic Development Committee which has successfully maintained funding for the Small Business Technical Assistance Program which supports locally owned businesses in our community!
Key Housing Wins:
Permanent Fix to the Trust Fund: Mayor Gray has committed $20 million to undo the cut from the Housing Production Trust Fund that was used to pay for the Local Rent Supplement Program (LRSP). Going forward, LRSP will be funded separately, and the Trust Fund will have access to this dedicated revenue every year.
An Additional $67 Million for the Trust Fund: After years of low funding in the Housing Production Trust Fund, the Fund is getting a one-time boost of $67 million to support the production and preservation of affordable housing for low and moderate income residents.
Operating Subsidies to Develop Supportive Housing: Mayor Gray committed at least $3 million to the Local Rent Supplement Program for building project and sponsor based units to serve very low income residents and residents with severe barriers to stable housing.
Additional Investment in HPAP: The Home Purchase Assistance Program will receive an additional $1 million to make homeownership possible for more District residents.
Unfortunately, this proposal does not seem to provide enough funding to address the great need for immediate assistance for the homeless – especially chronically homeless – who should not be forced to wait for housing to be built to get a stable place to live.
We now turn to the DC Council to maintain the funding that has been proposed, and make DC creates permanent solutions to homelessness. Join our advocacy by participating in the Ward 2 Housing Town Hall on April 11 (RSVP) and our Budget Update and Testimony Session on April 18 (RSVP).