Buwa Binitie Steps Down From DC Housing Finance Agency Board

After eight years as chair of the D.C. Housing Finance Agency board, well-connected housing developer Buwa Binitie has quietly stepped down, City Paper has learned. The agency made no public announcement of his departure, but Binitie’s photo and bio have been removed from its website.

Binitie’s two-year term expired at the end of June, and on July 9 he emailed Steven Walker of the Mayor’s Office of Talent and Appointments with his resignation.

“I received formal notice that my term on the DC Housing Finance Agency (DCHFA) Board of Directors has expired as of 06/28/2022,” Binitie wrote. “It is therefore with great sadness that I tender my resignation as of that date, confirmed by my signature below.”

DCHFA Director Christopher Donald followed up with an email to the rest of the board members, praising Binitie for his leadership “during a daunting period.” Donald also noted Binitie’s “frequent presence” at staff events, groundbreakings, ribbon cuttings, and holiday parties.

Similar to agencies in some states, the DCHFA board is responsible for approving financing for low- to moderate-income housing, such as D.C.’s allotment of tax-exempt bonds. The bonds are a relatively modest subsidy in the grand scheme of most housing projects, but they come with low-income housing tax credits, which are essential for those projects.

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