Affordable, Transit-Oriented Development Spurs D.C. Housing Market

During a gathering late last month at the National Press Club in downtown D.C., a panel that consisted of housing, development, construction, and banking experts offered an overview on the impact and future of public and affordable housing in the District. The panel also provided information on construction debt financing and the role legislation has on housing development.

The panel convened as part of the D.C. Building Industry Association’s (DCBIA) annual State of the Housing Market conference. More than 300 community stakeholders – including architects, builders and bankers — attended.

Adrianne Todman, executive director of the D. C. Housing Authority (DCHA), rolled out the most recent accomplishments in and around public housing communities throughout the city.

DCHA, which owns and manages 8,000 public housing units, is the District’s largest landlord. The agency pumps more than $156 million annually in Housing Assistance Payments for the more than 11,000 families in the Housing Choice Voucher Program who rent privately-owned housing throughout the District.

In addition, DCHA administers an annual $300 million budget from the Department of Housing and Urban Development (HUD) and, more recently, a $19 million District of Columbia government allocation for the Local Rent Supplement Program.

The District’s continued economic expansion is inextricably tied to the creation of affordable housing for low and moderate-income households, according to Todman. Employers from across industry sectors cite the lack of access to affordable housing as one of biggest obstacles to recruiting, hiring and retaining a productive workforce.

“I love Barracks Row. There would not be a Barracks Row if we had not repositioned the public housing around Barracks Row,” Todman said. She showed before and after photos of public housing communities throughout the District that have been transformed into mixed-use housing complexes where subsidized families live alongside people who purchase at market pricing. Todman further stated that the transformation of the public housing has made neighborhoods more attractive to retailers.

“Would there be an I-Hop on Alabama Ave. without Henson Ridge,” she asked. “That’s the impact of public housing on communities, and not just here in D.C., but around the country.”

Brad Fennell, senior vice president at William C. Smith & Company, which has partnered with DCHA in its most recent HUD-funded Hope VI grant to rebuild Sheridan Station, commended the housing authority for its stewardship of Hope VI dollars, restoring and maintaining affordable housing for low-income residents during the current economic crisis when more families are in need of them.

Read more at The Washington Informer

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About Bob Voelker

Head of the Munsch Hardt (Dallas law firm) Hospitality & Mixed Use Development Group, and former developer of affordable housing. I'm i
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