Mayor Vincent C. Gray Announces Funding Commitment to Create Affordable Housing

Mayor Vincent C. Gray today announced more than $35.1 million in financing will be made available by the Department of Housing and Community Development (DHCD) to create and retain affordable housing units, provide housing counseling services to District residents and technical assistance to support small businesses. In March, DHCD released a Notice of Funding Availability (NOFA) which resulted in more than 60 proposals submitted by 41 organizations. DHCD recommended to the Mayor 39 of those proposals to receive federal or local funds administered by the agency. More than $28 million will be leveraged to create and retain approximately 700 affordable housing units for senior citizens, residents with special needs and purchases by tenant groups.

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