Gray, City Officials Announce $187 Million Investment in Affordable Housing
11/20/2013, 11 p.m.
D.C. Mayor Vincent C. Gray, Deputy Mayor of Planning and Economic Development (DMPED) Victor L. Hoskins and Department of Housing and Community Development (DHCD) Director Michael P. Kelly announced Weday the investment of more than $187 million to produce and preserve affordable housing throughout the city.
“As our city continues to grow and evolve, it is critical that we do everything we can to ensure the economic diversity of our city and to protect our long-time residents from being pushed out,” Gray said. “The commitment we are delivering on today helps guarantee the District remains a welcoming place to residents of all income levels — and my administration will continue to make these important investments in building and maintaining our vibrant and diverse neighborhoods.”
In his State of the District address in February, Gray committed $100 million towards creating or preserving 10,000 affordable housing units by 2020. Over the last eight months, he has worked closely with the Office of the Deputy Mayor for Planning and Economic Development, the Office of the Deputy Mayor for Health and Human Services and DHCD to identify development opportunities and community partnerships and leverage additional resources to meet this commitment.
As a result, the District will create and preserve nearly 3,200 housing units, city officials said.
“I want to personally thank the Mayor on behalf of the entire Comprehensive Housing Strategy Task Force for accepting our challenge and recommendations,” said Deborah Ratner Salzberg, Co-Chair of the District’s Comprehensive Housing Strategy Task Force and President of Forest City Washington, Inc. “The Mayor’s commitment to affordable housing and creating one city will help the District of Columbia be a place for all to live, work and play.”
“As the cost of living continues to rise throughout the city, the value that permanent supportive housing, workforce housing and the critical role that our community-based organizations play will continue to be amplified,” said Kelly. “I am pleased to say that 46 percent of the units that will be created as the result of this Notice of Funding Availability will be permanent supportive housing units, aiding our residents in dire need.”