DMPED Presents on Subsidy Needs for NCI
On June 28th DMPED presented to the DCHA Board of Commissioners about the subsidies – both capital and operating – needed to support NCI’s development pipeline. In 2015, NCI began working to project its full pipeline – all of the onsite and offsite development needed to complete the NCI neighborhoods adhering as closely as possible to the four core NCI principles – along with timeline and cost projections. A 2014 policy report recommended that NCI do this work, which had not been done to date. Specifically, the report recommended exploring using different operating subsidies instead of ACC (Annual Contributions Contract), the typical public housing subsidy. DMPED’s presentation to the board provides an overview of the work done to date to fully project NCI’s pipeline, and the impact to the project of using Project-Based Vouchers rather than ACC. The presentation can be viewed HERE.