DowntownDC BID Joins Mayor, City to Increase Affordable Housing
By Rachel Rose Hartman
The DowntownDC Business Improvement District (BID) on Oct. 6 joined Mayor Muriel Bowser, the District Department of Human Services (DHS) and the Coalition for Non-Profit Housing and Urban Development (CNHED) to announce the implementation of a Landlord Partnership Fund designed to increase housing opportunities for individuals and families experiencing homelessness in D.C.
The fund will provide reimbursements for landlords to cover unpaid rent, damages or other lease charges if landlords agree to relax their screening criteria for housing applicants.
From DCist: "The Downtown BID is spearheading the effort to privately raise $500,000 by the end of the year to kick it off. Meanwhile, the Coalition for Non-Profit Housing and Economic Development will manage the program—signing landlords up, processing claims, and reimbursing them directly in the event of an issue. Landlords can receive up to $2,500 each for loss of a security deposit and/or damages.
“When landlords have choices, they are going to default to what they think is known and safe. So we’re trying to mitigate a lot of those risks,” said Neil Albert, the DowntownDC BID’s executive director.
To learn more about the Landlord Partnership Fund, visit CNHED's webpage here.