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

Mayor Muriel Bowser
Mayor Muriel Bowser

, 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

Press planning to attend the event are asked to RSVP to ">.

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Mayor Muriel Bowser

Muriel Bowser serves as Washington, DC’s seventh elected Mayor. Sworn in on January 2, 2015, she pledged to bring a fresh start to the District of Columbia, create pathways to the middle class for residents, and foster a culture of inclusion, transparency and action.

Mayor Bowser expanded opportunity across all 8 Wards of DC by strengthening job training programs, and by attracting and retaining jobs in the District. As of the first quarter of 2016, there are burgeoning projects across the city that will eventually deliver 32,000 new jobs. Washington, DC is the economic engine of the metropolitan region, and has one of the strongest local economies in the country.

Contact:

Phone: (202) 727-2643

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