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DHCD outlines FY25 housing pipeline, rental assistance wind-down and preservation priorities
Summary
The county Department of Housing and Community Development briefed the PHED committee on the FY25 work program, describing active preservation and production projects, homeownership and rehabilitation programs, and the wind-down of emergency rental assistance.
The Department of Housing and Community Development (DHCD) briefed the Planning, Housing and Economic Development Committee on April 3 about its FY25 work program, ongoing projects and program outcomes.
DHCD staff described a portfolio of activities that spans preservation, production and homeownership supports. The department said it was actively working on 17 housing development projects that together represent roughly 2,577 units at varying stages — from applications pending legislative approval to projects under construction. DHCD officials said the county’s Housing Investment Trust Fund provides roughly $10 million per year and typically serves as one piece of financing in larger projects.
On preservation, DHCD reported work on 11 properties in the most recent fiscal year, preserving roughly 465 affordable units in mixed-income developments. The department said it generally sets affordability restrictions to reflect the existing rent roll on each property rather than imposing uniform rent levels. DHCD said market conditions slowed some transactions in 2024, in part because of higher interest rates.
Homeownership and rehabilitation programs: DHCD described three…
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