D.C. Mayor Muriel Bowser signed an order last week on housing directing city agencies to identify new policies, tools and initiatives to achieve her goal of creating 36,000 new housing units by 2025.
Some 12,000 of the units would be earmarked as affordable housing.
In her fiscal year 2020 budget proposal, Bowser invested in the tools she said will get D.C. on track to meeting her goal, including:
• $130 million for the Housing Production Trust Fund.
• $15 million for the Housing Preservation Fund.
• $20 million for a new Workforce Housing Fund.
Earlier this week, the D.C. Council proposed cutting the Housing Production Trust Fund by $10 million, completely eliminating the Housing Preservation Fund and the Workforce Housing Fund.