Friday, December 26, 2025
Home Executive-Insights CFO Allocates $51 Million for Affo...
CFO
Business Honor
26 December, 2025
New funding aims to enhance support for affordable housing, child care, health care, and rental assistance programs.
In a major budgetary move, the District of Columbia will put another $51 million into funding various necessary programs including preserving affordable estate housing and providing emergency rental assistance in 2015. The increase comes from more taxes than was originally expected, according to Glen Lee (the Chief Financial Officer of D.C.). The increase will go towards the priorities that D.C. Council members talked about over the summer when they created their budgets and support programs that did not receive money previously. These include, but are not limited to, childcare subsidies, raising wages for early childhood educators, lead testing programs for charter schools and health care for undocumented immigrants who qualify as low-income but do not qualify for Medicaid.
City officials are in dire need of the new funds due to uncertainty regarding how the city will fare financially as many residents will continue to feel the impact from layoffs stemming from the federal government's significant downsizing of its civil servants. However, as evidenced in September by the report of the city manager, an unexpected increase in business tax collections allowed the city to gain access to hundreds of millions of dollars of revenue that would have otherwise been unavailable to them. The majority of the new funding will go towards the Housing Production Trust Fund, which has received $10 million to support the continued existence of affordable housing in the City of San Diego.
These changes will cost an estimated $300 million per year to restore, therefore making this a tough situation for City leaders. With an incoming source of revenue, the City will also provide additional funding to support the childcare subsidy programme and allow the city to provide additional wages to Early Childhood Educators. Additionally, the City will contribute $3.5 million additional funding to support DNA Analysis at the Department of Forensic Sciences. Emergency Rental Assistance will receive an additional $2 million for Fiscal Year 2026, along with plans to prepare for Housing Subsidies for Police Officers to commence in FY 2027.