Mayor Gray, Deputy Mayor Hoskins and DHCD Director Kelly Announce Historic $187 Million Investment in Affordable Housing

On November 20th, 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 the unprecedented investment of more than $187 million to produce and preserve affordable housing throughout the District of Columbia.

In his State of the District address in February 2013, Mayor Gray committed $100 million towards creating or preserving 10,000 affordable housing units by 2020. Over the last eight months, the Mayor 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 of this work, the District will create and preserve nearly 3,200 housing units throughout the city.

To date, 2,521 affordable housing units have been completed under the Gray Administration. In addition, there are 2,770 affordable units that have closed or are currently under construction. The Gray Administration also forecasts another 3,130 units to deliver between fiscal years 2017 and 2020. Combined with the nearly 3,200 units we are announcing today, this puts the District on track to exceed the Mayor’s 2020 goal.

Posted Under: DC News