Washington, D.C., Mayor Vincent C. Gray promised to spend $100 million for the building and preservation of 10,000 units of affordable housing at the annual State of the District Address Feb. 5.
“Last September, I announced $35 million in financing to create and preserve additional affordable housing,” said Gray, “but we have to do more.”
The mayor acknowledged the rapid gentrification that has led to a dwindling number of affordable apartments and homes in the city. ...