Federal and Local Government Visit Spring Flats To Highlight Their Recent Investment in Affordable Housing
Pictured above from left to right: DC Mayor Muriel Bowser and HUD Secretary Marcia Fudge.
Photo Credit: ABC 7 News
HUD Secretary Fudge and DC Mayor Bowser visited Victory Housing’s Spring Flats development in DC to highlight actions they’re taking to increase the housing supply and lower housing costs. HUD’s Our Way Home is a national initiative that uplifts housing supply successes in local communities and connects cities, states, counties, Tribal communities, and U.S. Territories to the tools and resources needed to help preserve and produce affordable housing in their area. Our Way Home is an effort to build on the Biden-Harris Administration’s actions to address communities’ housing supply needs in an equitable, inclusive, and sustainable fashion. Mayor Bowser was also in attendance to announce the rolled out of a $1.4 billion investment in the DC’s Housing Production Trust Fund and the affordable housing toolkit in an effort to reach 36,000 new homes by 2025, including at least 12,000 affordable homes.
Spring Flats was the perfect setting for the announcements because of its’ affordable housing for seniors and families, homeownership opportunities and representation of the all-hands-on-deck approach that is needed for solving for the affordable housing crisis. Spring Flats is a combined redevelopment and new construction project completed in 2022 that was undertaken by a development team led by Victory Housing in partnership with Bank of America CDC and Brinshore Development. The new Spring Flats community consists of three different components: The Appleton, The Robeson, and The Rows at Spring Flats. A full description and images of the Spring Flats community can be found here.
Want to dig deeper? The articles below offer further details about HUD Secretary Fudge and DC Mayor Bowser’s recent investments in affordable housing.
