Washington, DC Mayor Vincent Gray recently released his proposed city budget for fiscal year 2012. The proposed budget represents a $7 million increase in total affordable housing funding from the approved FY-2011 budget; however, the increase is largely to replace expiring funds that are being used to support the Permanent Supportive Housing Program. Two of the most significant changes in the proposed budget are a substantial cut from DC’s Housing Production Trust Fund and a phase-out of a portion of the Local Rent Supplement Program. A table displaying the distribution of DC’s proposed FY-2012 affordable housing funds is provided below, compared to the FY-2011 levels.
|
|
FY-2011 Approved |
FY-2012 Proposed |
|
Department of Housing and Community Development |
$19 million |
$20 million |
|
Housing Production Trust Fund |
$15 million |
$14 million |
|
DC Housing Authority |
$23 million |
$22 million |
|
Permanent Supportive Housing Program |
$14 million |
$22 million |
|
Total |
$77 million |
$84 million |
