Join Mayor Muriel Bowser, District Government officials, stakeholders, and the community to show your support for affordable and workforce housing investments and preview the site of future workforce housing in the Marshall Heights neighborhood of Ward 7 in DC.
At the start of her second term, Mayor Bowser set a bold goal to deliver an additional 36,000 units of housing—including at least 12,000 units of affordable housing—by 2025. In addition, the Mayor has called on the entire region to work together to produce 240,000 additional housing units. In March, she introduced her Fiscal Year 2020 budget, which includes new housing investments under the DC Department of Housing and Community Development: a 30-percent increase in the Housing Production Trust Fund, bringing her annual investment to $130 million; an increase in the Housing Preservation Fund from $10 million to $15 million, which will yield an additional $45 million in private investment; and a new $20 million Workforce Housing Fund that will leverage private sector investment by 9 to 1, bringing the fund up to $200 million.
This event will take place on the site of Phase 3 of Cynthia Townhomes, which is part of the Housing Investment Platform of the DC Housing Finance Agency. All three phases total 15 townhomes, with five homes in each phase. Phase One is sold out, and three homes are reserved via pre-sale in Phases Two and Three. The homes are for households making no more than $140,600 (120% of the median family income in 2018).
You can register online here.