by UrbanTurf, May 7, 2024
DC continues to get close to meeting Mayor Muriel Bowser’s goal of producing 36,000 new housing units by 2025.
Approximately 34,389 units delivered between January 2019 and April 2024, per the latest data available on the Deputy Mayor for Planning and Economic Development (DMPED) dashboard. This represents 96% of the desired total.
Of the units produced, approximately 9,500 are affordable, 79% of the goal for affordable housing production. Under the current framework, any units that cost no more than 30 percent of household income for households earning up to 80 percent of median family income count toward “affordable housing”.
A report released in 2019 further specified affordable housing production goals for each of the city’s ten planning areas. The graphic above details where those areas are with progress towards housing production.
Click here to read the complete article
Related Posts
What Will The Housing Market Look Like With Lower Mortgage Rates?
DC Households Earning Up To $150K Pay Less In Taxes
DC Growth Is Predominantly Singles 25 to 34
Prince Georges Mistakenly Opts For Rent Control
DC Sets Timeline For Evictions To Resume, Prompting Outcry From Landlords And Tenants
DC Council To Vote On Change To Eviction Ban