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Jubilee Urges Changes to D.C. FY 2019 Budget to Aid Those with the Lowest Incomes
As District officials consider the city budget for Fiscal Year 2019, Jubilee calls for increases in two key programs that help create housing opportunities for residents with the fewest financial assets. The first is a $5.5 million increase in Local Rent Supplement Program (LRSP) funding dedicated specifically to producing homes affordable for residents making 30 percent of area median income (AMI) or lower. The second is a $20 million increase in the base amount of the city’s Housing Production Trust Fund.
Jubilee's D.C. supporters can add their voices to the appeal by Jubilee and other non-profit developers, including the Coalition for Nonprofit Housing & Economic Development, by contacting their City Council members prior to the budget vote on May 15.
Jubilee applauds Mayor Bowser, who, with the backing of City Council, has raised D.C.’s per capita investment in affordable homes to the highest of any major city in the country. Unfortunately, the challenge continues to outpace the investment—both in trust fund dollars and in the additional support required to use those dollars to produce homes affordable to D.C. residents with the lowest incomes.
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Jim's Corner
Spring is the season when new life begins to take shape all around us, and spring at Jubilee is no different.
The potential exists, as city officials consider D.C.’s FY 2019 budget, for more homes that District residents with extremely low incomes can afford. So, Jubilee is joining other non-profit developers in calling for a $20 million increase in the base amount of the city’s Housing Production Trust Fund and a dedicated $5.5 million in Local Rent Supplement Program (LRSP) funding specifically to produce homes affordable to those making 30 percent or less of area median income.
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Round Up
Platform of Hope Preparing to Launch
Board members from Jubilee Housing and five local nonprofits gathered in March to learn about an ambitious, new joint initiative—the Platform of Hope—being designed collectively by staff at their organizations. The meeting marked an auspicious milestone for the program, as plans are now set for its launch.
“I can’t believe we’re almost there,” said Sylvia Stokes, Platform of Hope project lead. “It’s taken more than two years, but we’re finally ready.”
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