March 31, 2015 : Mayor Muriel Bowser announced that her proposed FY16 Budget includes $100 M for the Housing Production Trust Fund!
Since 2002, the Housing Production Trust Fund (HPTF) has been the key tool for preserving and developing affordable housing – helping to create vibrant neighborhoods in the District of Columbia. The Trust Fund, administered by the DC Department of Housing and Community Development, enables non-profit housing providers, mission-driven for profit developers, and renters wishing to exercise their Tenant Opportunity to Purchase Act to improve and develop affordable housing in all eight wards.
What the Trust Fund has done for DC
- It has produced and preserved 8,583 affordable homes across every Ward in the District. There are 2,300 more affordable homes in the pipeline with Trust Fund commitments.
- Estimated conservatively, more than 18,000 DC residents currently live in units funded by the Trust Fund.
- For every dollar invested from the Trust Fund, $2.50 was invested from other sources.
- It has created an estimated 10,000 short-term and permanent jobs.
- It has strong guidelines that prescribe levels and lengths of affordability to serve District residents with the greatest housing need.
- It has been used to add or improve housing across the Continuum of Housing: supportive housing, affordable rental housing, and affordable ownership housing.
- When used with DC’s Tenant Opportunity to Purchase Act, it provides tenants with the opportunity to stay in their homes and preserve affordable housing for themselves and their neighbors.
How DC’s Housing Production Trust Fund Works
DC’s Housing Production Trust Fund has strong guidelines to ensure that the program serves the diverse housing needs of the District.
- At least 50% of HPTF must be for rental housing because of the high proportion of renters in DC.
- Trust Fund dollars were required to target very low income residents – 40% of the funds were designated for assisting households with incomes under 30% of Area Median Income (AMI), 40% for 31-50% AMI, and 20% for 51-80% AMI.
- Units receiving funds from HPTF have to remain affordable; rental units for not less than 40 years, and a range of 5-15 years for ownership units.
Check out the homes developed or in the pipeline that have been made possible by the Housing Production Trust Fund!
Jubilee Housing Reentry Housing Project (10 units of housing for returning citizens in Ward 2).
This pilot program is the first of its kind in the District to offer both deeply affordable housing and effective support services to men and women returning home after long periods of incarceration. Located in the heart of Adams Morgan, with services that include skills training, case management, healthcare, job training and placement, recovery support and more.
Woodley House, Inc. (31 units of supportive housing in Wards 3-4)
Founded in 1958 as one of the first community-based care providers in the country, it has continued in that model and served District. These
quiet buildings house small numbers of residents at a
time, providing a safe, secure home within the District’s
quiet Northwest neighborhoods of Adams Morgan,
Woodley Park and Cleveland Park. The Woodley House
residential care model has been nationally recognized.
Woodley House focuses on the individual and personal
treatment plans with the goal of returning residents to
1417 N Street Co-op (84 units in Ward 2)
Located in the heart of Logan Circle, 1417 N Street
Cooperative was purchased by
the tenant association in July of 2011.
“Housing is the center of this community and it’s why we came together. What its meant for us to buy the building is the opportunity to stay in this community. We’re still here, and we’re proud that the work we put into it means we don’t have to worry about housing long term and are able to stay here and not move.”
Silvia Inez Salazar
Pleasant Park Coop (60 units in Ward 7)
Located in the heart of Ward 7, the Pleasant Park
Cooperative is a 60-unit collection of garden apartments
owned by the residents. The conversion from rental
property to cooperative has made the tenants the owners
and decision-makers in their housing. Like other forms
of homeownership, it provides them with equity and
“You feel as if you are running your business. You have a say and a hand in your living conditions. We all have an intricate part in having something and making it grow. And I like owning something in the Washington metro area.”
Brenda Jordan, Pleasant Park Co-op President
Open Arms Housing - the Dunbar (16 supportive housing units for homeless women in individual apartments in Ward 5)
Open Arms Housing, Inc., “provides permanent homes
with ongoing support for women in DC who have lived
on the streets or in shelters for years.” Open Arms owns
the Dunbar, a small single site setting for homeless
women with a wide range of mental health issues that
provides low-barrier permanent housing. The building
is designed to meet the individual and community
needs of these women. The three-story building has 16
individual efficiency apartments that include a kitchen
and bathroom. There are also community rooms on each
floor to help build relationships and provide a location for
on-site support groups
1314 K Street apartments (12 homes in Ward 6)
The tenants at 1314 K Street acquired and renovated
their 12-unit apartment building to ensure that it remains affordable for the long term. These residents can stay in their homes near Capitol Hill
Mayfair Mansions (410 homes in Ward 7)
This historic property was among the first federally subsidized housing projects for African Americans. With the help of the Trust Fund, Hundreds of those units had their affordability ensured through a renewed Section 8 contract, which will make them affordable to very low income residents for 20 years
The tenants chose to work with Community Preservation and Development orporation
(CPDC). CPDC worked with tenant leaders to accomplish
substantial long term preservation of 72% of the
development (12 of 17 buildings) as affordable rental housing even after making substantial renovations.