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Budget hearing exposes split over Housing Production Trust Fund: preservation advocates press for steadier set‑asides
Summary
Advocates at the Committee on Housing hearing pushed the council to increase or set aside larger shares of the Housing Production Trust Fund for preservation and deeply affordable units; developers and some small‑portfolio owners urged more production incentives to attract investment.
Members of the Committee on Housing heard competing plans on June 9 about how to use the Housing Production Trust Fund (HPTF), the District’s primary local subsidy for creating and preserving affordable housing.
Preservation advocates argued that a large share of HPTF money should be set aside for existing affordable units and for acquisition funds to preserve at‑risk buildings. Legal Aid DC and preservation groups urged that at least 30% of HPTF be reserved for preservation finance and that a separate, predictable right‑to‑purchase fund (FRPP) be established or expanded. Mel Zond of Legal Aid told the committee, “We can't…
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