Mayor Bowser to Announce Enhancements to DC’s First-Time Homebuyer Programs
Enhancements Continue Bowser Administration’s Unprecedented Efforts to Create Safe and Affordable Housing in the District
WASHINGTON, DC) – (RealEstateRama) — On Monday, Mayor Muriel Bowser will announce enhancements to the District’s first-time homebuyer programs that will give more residents a fair shot at a pathway to the middle class by expanding opportunities for home ownership in Washington, DC. The changes will increase the budget for DC’s homebuyer programs; increase the Housing Purchase Assistance Program’s (HPAP) maximum loan amount; revise the repayment terms for 70 percent of HPAP borrowers; and add an additional HPAP administrator
, making the program more efficient. Since taking office, Mayor Bowser has made affordable housing a major focus of her Administration, committing an unprecedented $100 million annually to the Housing Production Trust Fund to step up the production and preservation of affordable housing units in Washington, DC.
WHEN:
Monday, December 12 at 11 am
WHO:
Mayor Muriel Bowser
LaRuby May, Ward 8 Councilmember
Brian Kenner, Deputy Mayor for Planning and Economic Development
Polly Donaldson, Director Department of Housing and Community Development
WHERE:
DC Department of Housing and Community Development
1800 Martin Luther King Jr. Avenue, SE
*Closest Metro: Anacostia Metro Station*
*Bus Lines: 90, 92, A9, B2, P6, V2, V5
.
