District of Columbia Housing Production Trust Fund
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
The Housing Production Trust Fund was established in 1988 and is the District's primary affordable housing development tool. It did not receive funding until FY01. It supports the construction, rehabilitation, and acquisition of housing affordable to low and moderate income households. Since 2001, the Trust Fund has built or renovated more than 6,800 units. In 2011, 472 units were developed. Nearly 80% of funding supports units affordable to households at 50% of area median income (AMI) or below.
The program is funded through DC’s deed recordation and transfer taxes. This is an inconsistent source of revenue, so the amount available varies from year to year. In FY13, $45.4 million was available for the Housing Trust Fund. Of this amount, $8.2 million is used to pay debt service on revenue bonds, and the remainder is available for housing subsidies. The Mayor proposed a budget $100 million for the Housing Production Trust Fund in FY16..