PRESS RELEASE: Committee on Housing and Community Development Chair Anita Bonds Outlines FY16 Budget Proposals
FOR IMMEDIATE RELEASE
May 13, 2015
Contact: Josh Brown
Committee on Housing and Community Development Chair Anita Bonds Outlines FY16 Budget Proposals
Plans include preserving, improving and building more affordable housing, allowing more residents to become first time home buyers and providing more effective services to District seniors.
WASHINGTON, DC – Committee on Housing and Community Development Chair Anita Bonds today held their mark-up on the FY16 Budget.
At the mark-up, Councilmember Bonds outlined the Committee’s key budget proposals to preserve, improve and build more affordable housing, allow more residents to become first time home buyers and provide more effective services to seniors.
Key provisions of the Committee on Housing and Community Development’s FY16 budget report include:
Department of Housing and Community Development
- A $100 million investment into the Housing Production Trust Fund.
- Ensuring that the Housing Production Trust Fund meets its statutory requirements to produce more affordable housing units for moderate and lower income residents.
- Increasing the size of loans by 60% first time home buyers can receive to allow more residents to afford to purchase in the District.
- Creating a new program supported by the DC Chamber of Commerce and the Coalition for Nonprofit Housing and Economic Development to investment and provide funding for District start-ups and small businesses.
- Transferring $119,000 to the Committee on Business and Consumer Regulatory Affairs for the office of the Tenant Advocate’s Emergency Housing Assistance Program
Department of Columbia Housing Authority
- Prioritizing repairs of public housing units to increase the quality and further preserve the life of these units.
- Allocate nearly $650,000 for the Targeted Affordable Housing Program as proposed by the DC Interagency Council on Homelessness to meet the needs of individuals who no longer need the intensive wraparound services of Permanent Supportive Housing but still need a housing subsidy to afford rent thanks to a transfer from the Committee on Transportation and the Environment.
District of Columbia Office on Aging
- Increasing services to seniors across the District including more funding of meals to seniors thanks to a $200,000 transfer from the Committee on Health and Human Services.
- Strengthening transparency to ensure seniors are receiving the services they want and need by mandating quarterly reports on the services provided by the agency as well as those provided by their sub-grantees.
“Our committee is focused on preserving, improving and expanding affordable housing for District residents.” explained Councilmember Bonds. “The proposals in our budget will allow us to provide more for the residents from across the District who need more affordable housing and a better delivery of important services.”