Eager developers have already received $56 million in bonds in the first quarter of Fiscal Year 2002. In a statement last month about his administration's commitment to expanding the availability of affordable housing, Williams said, "our city's population is no longer in decline. New residents are moving into our great city. To continue growing, we must continue rebuilding--fixing our schools and improving city services. And we must ensure that people have a place that's decent and affordable--a place to call home."

HFA was behind the construction and renovation of nearly 1,700 area rental units in FY 2001. All together, HFA, the Department of Housing and Community Development and the DC Housing Authority financed 3,400 such units in 2001.