Take Action Today! Trust Fund at Risk

May 27, 2015

In the budget released at 5:30 pm last night, Chairman Mendelson proposed moving $9 million that should go to the Housing Production Trust Fund in FY15 to be moved to FY16, then using $9 million from FY16’s funding to pay for other programs. This last minute change is a loss of $9 million that would have been used to purchase, renovate, preserve or build affordable housing this year. The budget as written still reflects $100M in FY16, but also loses $9 million this year. We shouldn’t lose Trust Fund money this year in order to have it next year.

Call Mendelson before 10 AM –  (202) 724-8032

Hello my name is ______________ and I live in ____________________.
I am calling to express my disappointment that Chairman Mendelson’s proposed budget reflects a $9 million loss to Housing Production Trust Fund compared to the budget proposed by the Mayor and the Housing Committee.
This last minute change would cost the District over 100 affordable housing units. I support $100 million in the Trust Fund next year, and full funding from dedicated sources this year.

The Coalition for Nonprofit Housing and Economic Development and its Housing For All Campaign:

  • Support the use of dedicated funding from the Deed Recordation and Transfer Tax automatically being directed to HPTF. Dedicated funding for HPTF is what turned the program from an idea into a real mechanism to invest in our communities for over 12 years. Unfortunately, redirecting funds already dedicated to the Trust Fund has plagued the program as elected leaders have turned to HPTF to fund other programs. This costs the District through the affordable homes lost and opportunities to build new homes missed.
  • Challenge the notion that housing programs should be pitted against each other in the local budget. Even this year where affordable housing programs have seen meaningful increases, the proportion of the DC budget that is directed to affordable housing is a tiny sliver of our local investments. We should not be asked to choose between building affordable housing this year or next year AND we should not be asked to choose between the production of affordable housing and leasing or homelessness-ending tools.
  • Support the Local Rent Supplement Program, Permanent Supportive Housing and Targeted Affordable Housing. CNHED and the Housing For All Campaign have advocated for years to invest in a Continuum of Housing to address the diverse housing needs in our community. Each tool is critical to meeting long and short term housing demands in our rapidly increasing housing market.