DC Auditors Find Affordable Housing Program Has Been Mismanaged

Mayor Muriel Bowser affordable housing event
Photo credit: Bisnow: Jon Banister
Washington, D.c., Mayor Muriel Bowser Speaking At Bisnow's Affordable Housing Event.

The DC government has spent about $700M over the last 15 years to create affordable housing, but an audit of the program running that effort revealed some serious management problems.

The Office of the DC Auditor found the program failed to collect millions in loan repayments, had not monitored ongoing eligibility of affordable housing tenants and had not sufficiently ensured housing developers were sticking to the prescribed mix of income levels, The Washington Post reports.

The auditors examined 14 residential projects financed by the Housing Production Trust Fund, 13 of them from before Mayor Muriel Bowser took office in 2015. The auditors concluded from the problems identified at these 14 projects that the trust fund has systemic management failings.

In response, DC officials said the city is making progress in creating housing and said the 14 properties selected were not a representative sample, but acknowledged improvements can be made to the program.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

Montgomery County Approves 18-Month Data Center Moratorium

With New $250M Deal, Elme Is Fully Set To Liquidate

Simpson Thacher Appears In Talks For What Could Be One Of D.C.'s Largest Office Leases In 2026

Ireland's Living Sector Sales On Course To Hit €1B This Year

Hines Nabs 4 Prince William Housing Sites: The D.C. Deal Sheet

2 Longtime Leaders Of Housing Nonprofit Leave To Launch New Firms

Developers Build More Bedrooms As 99-Unit Projects Dominate

AvalonBay Sells 217-Unit Community Next To Greensboro Metro

GSA Head Says Federal Government Has 'Place To Play' In Southwest D.C. Redevelopment