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Washington, DC – Today, Mayor Muriel Bowser and the Department of Housing and Community Development (DHCD) announced the selection of 11 affordable housing projects from the General Evaluation Round of the 2021 Consolidated Request for Proposals (RFP) for Affordable Housing Projects. These projects will now enter the underwriting pipeline at DHCD following the 10 projects selected in February 2022 from the Priority Evaluation Round. The February selections included over $135.5 million in Housing Production Trust Fund (HPTF) investments, including the first-ever project in Ward 3. Together, the two selections this year account for over $300 million in HPTF. These selections utilize $445 million that Mayor Bowser fought for as the Council deliberated on her Fiscal Year 2023. “The affordable housing decisions we make today will influence the affordability of the District for decades to come,” said Mayor Bowser. “We are focused on doing what we need to do to keep more Washingtonians in DC – and part of that means making these historic investments in affordable housing. But in addition to making the investments, we also have to get the money out the door and into quality projects, and that’s what we’re doing at these 11 sites.” The selected projects requested over $170 million in Housing Production Trust Fund gap financing in addition to a mix of Local Rent Supplement Vouchers and Low-Income Housing Tax Credits to produce 955 net new affordable homes while preserving another 164 homes. Over 80% of the affordable homes produced will be available to households making less than 50% of the Median Family Income (MFI) or $71,150 for a family of four. The remaining homes, including 11 of those available for purchase, will be available to households making less than 80% MFI or $113,850 for a family of four. “We know the continued production of housing at all levels will help address rising housing costs faced across the country,” said Deputy Mayor for Planning and Economic Development John Falcicchio. “In addition to the largest per capita investment in housing of any jurisdiction in the nation, Mayor Bowser has created a robust housing production toolbox to ensure everyone who wants to live in the District can stay in the District.” These new projects will now move into DHCD’s affordable housing underwriting pipeline and include:
“With this year's investments, we’ve gone from talking about affordable housing in the millions to talking about affordable housing in the billions,” said Department of Housing and Community Development (DHCD) Interim Director Drew Hubbard. “Our continuing commitment to quality projects is evidenced in the selections, and I look forward to seeing these projects deliver in time to count towards our 36,000 by 2025 goals.”
This announcement exemplifies Mayor Bowser’s continued commitment to the District’s affordable housing goals and notably includes Deanwood Station, a project that will deliver affordable homeownership opportunities. In June 2022, Mayor Bowser launched the Black Homeownership Strike Force to provide recommendations for use of a $10 million Black Homeownership Fund and the creation of a goal for increasing Black homeowners in DC by 2030. The Strike Force report on the recommendations is due to the Mayor on September 30 and will inform future action by the administration on Black homeownership. At the start of her second term, Mayor Bowser set a bold goal to deliver an additional 36,000 units of housing – including at least 12,000 units of affordable housing – by 2025. By further equitably distributing these goals across the District's ten planning areas, Mayor Bowser made DC the first jurisdiction in the nation to create affordable housing goals by neighborhood. From January 2019 through July 2022, the District has produced 22,814 net new units, of which 4,286 are affordable. You can track the District’s progress toward #36000by2025 at open.dc.gov/36000by2025.
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