D.C. Must Double Its Investment In Affordable Housing, Report Says
“The District allocates more funding toward subsidized housing than any other local jurisdiction, but according to analysts at the left-leaning D.C. Fiscal Policy Institute, that money doesn’t deliver the same bang for the buck that it used to. Rising construction costs are driving up the cost of affordable-housing construction, the think tank says in a new report. Today, the city’s $100 million annual investment in its Housing Production Trust Fund — which Mayor Muriel Bowser established in 2015 — is producing one-third fewer units than it did four years ago.”