Of all the city's affordable housing programs, this has to be among the worst returns on investment: The city, through its Housing Production Trust Fund, subsidizes the construction or renovation of an affordable home. A low-income resident buys it at a steep discount. After 15 years, the resident can sell the property and pocket not [...]
Posts Tagged ‘Manna’
It's been a rough ride for Ivy City, the neighborhood just north of Gallaudet University. It used to be known for open air drug markets, and the population decreased by a third in the 1990s, before investment started trickling in during the real estate boom. In the early 2000s, the Department of Housing and Economic [...]
When the District creates a unit of affordable housing, it usually has some length of time—or even indefinite time—over which it can’t be sold for much more than the original purchase price. The idea is simple: Once someone is done with a unit she bought with a public subsidy, someone else should be able to [...]
MANNA Up: Jim Dickerson and Frank Demarais say the city’s stiffing affordable condo owners.
Tanya Davis spends most of her hours on the couch, watching cable television shows depicting graphic surgeries and other invasive medical procedures.
It’s not that she’s lost her job or depressed. She’s bed-ridden, waiting for her baby—“Ella” is the chosen name—to be born, [...]
Occasionally, I find myself inexplicably writing over and over, the same day, about the same area of the city.
Today, the mini onslaught comes from the east of the river neighborhoods—or if you please "River East."
DC MUD is reporting that there are 24 new condos in the works—Condos! Imagine that! It actually may be time to [...]