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Washington, D.C. has successfully surpassed its goal of adding 36,000 housing units to the market by 2025, a goal set by Mayor Muriel E. Bowser to tackle the city’s ongoing housing affordability challenges. The completion of the Terrace Manor Apartments in Ward 8 marked the achievement of this goal, with developer WC Smith pledging to keep all 130 units affordable for the next 50 years in exchange for funds from D.C.’s Housing Production Trust Fund.

Among the 36,000 new homes added to the market, Bowser aimed to make 12,000 of them affordable for households earning below 80 percent of the area median income. The city is on track to achieve this goal next year, with several projects in the pipeline.

The District’s goal was set amidst a regionwide effort by the Metropolitan Washington Council of Governments to increase housing supply to address the drastic gap between demand and supply in the region. D.C. has been a leader in addressing the housing shortage issue, investing over $1.3 billion in the Housing Production Trust Fund since 2015.

Officials credited D.C.’s accelerated housing production in recent years to natural market forces stemming from population growth and various policies and investments by the city. While some areas in D.C. have exceeded affordable housing goals, others, like Rock Creek West, are behind schedule, highlighting the need for more equitable distribution of affordable housing across the city.

Overall, the commitment and efforts of D.C. to address the affordable housing shortage have been recognized and appreciated by residents and housing advocates, emphasizing the positive impact on residents’ quality of life and the city’s affordability.

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