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D.C.’s Housing Production Trust Fund has deployed over $1.4B to fill gaps in affordable housing project budgets over the past decade, but in recent years, the pace of new construction has slowed dramatically.
Four council members are now seeking to replace the HPTF as part of a wide-ranging bill aimed at accelerating housing production.
Councilmembers Robert White — chair of the Committee on Housing — and Brianne Nadeau on Wednesday morning proposed the Housing Production Omnibus Act of 2026. Two other members of the 13-person body, Councilmembers Charles Allen and Janeese Lewis George, who is running for mayor, also signed on as cosponsors.
The bill would replace the HPTF with a new Housing Opportunity Fund, and it calls for allocating at least $150M annually into the fund.
Under Mayor Muriel Bowser‘s administration, the HPTF has received $100M in most years, with some boosts from federal funding during the pandemic. In 2024, HPTF money was diverted away from producing housing to instead stabilize existing affordable properties that had received city funds but were struggling financially due to high levels of unpaid rent.
D.C. also has an Affordable Housing Preservation Fund that has received $29M in local funding since fiscal year 2017. The proposed fund would also replace that vehicle.
“We’re facing a severe shortage of affordable housing,” Nadeau told Bisnow in an interview Wednesday morning. “And it’s really important to do this now because we’ve had enough time to understand how the Housing Production Trust Fund has worked for people and the District to know what we need to do next.”
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