(RECAP: Since 2001, when D.C.’s Housing Production Trust Fund was finally given some working capital more than a decade after its creation, it has managed to support the construction or preservation of just 10,081 units of affordable housing city-wide. The fund has spent roughly $622 million on loans to support these projects, according to the audit. That comes out to a per-unit cost of $61,700 — a startlingly inefficient use of the city’s capital.)

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