(Washington, DC) – Washington, D.C. Mayor Muriel Bowser released a final report from the DC Housing Preservation Strike Force detailing a proactive, multi-pronged strategy for the District to use in preserving its existing supply of affordable housing. The Mayor also announced the selection of 13 projects that will produce or preserve more than 1,200 affordable housing units across Washington, DC as part of DC’s Housing Production Trust Fund (HPTF).
“Preserving affordable housing is critically important because nearly 14,000 existing housing covenants are expected to expire by 2020. That is why one of my early initiatives as Mayor was to establish the Strike Force,” said Mayor Bowser. “The Strike Force developed a plan that will take Washington, DC to the next level in its housing preservation strategy and I am pleased to say that the District is already acting to turn the plan’s recommendations into reality.”
Flaherty & Collins Properties has two projects announced in the new production projects: Diane’s House and St. Elizabeth’s East.
- Diane’s House, 2619 Bladensburg Road, NE (Ward 5), Flaherty & Collins Dev LLC and Diane’s House Ministries
- St. Elizabeth’s East Housing, 1000 Alabama Avenue, SE (Ward 8), Anacostia Economic Development Corporation and Flaherty & Collins Development LLC
“We are thrilled to work with the Mayor and the City on these tremendous and impactful projects to preserve affordable housing across Washington, DC,” said Duane Miller, Vice President of Community & Asset Management for Flaherty & Collins Properties.
Since taking office, Mayor Bowser has made affordable housing a major focus of her Administration. The Mayor has committed $100 million annually to the HPTF – more than any city per capita in the country. A report issued by Center for Community Change shows that the District’s $100 million fund more than tripled the next highest fund amount for a U.S. city. Compared to states, DC’s trust fund is the country’s second largest.