After diverting money last year from a fund that typically produces affordable housing to instead stabilize struggling properties, D.C.’s mayor is now looking to return to funding new developments.
Mayor Muriel Bowser is proposing $100M in her fiscal year 2026 budget for the Affordable Housing Production Trust Fund, she announced Wednesday. That represents an increase from the $80M that went to the fund in the current fiscal year, which ends Sept. 30.
The mayor has yet to release her full budget proposal, which is expected to include reductions in some areas due to the local impacts of the federal workforce cuts, but Bowser said that isn’t stopping her from increasing affordable housing funding.
Click here to read the rest of the article written by Jon Banister over at Bisnow
