The City Forces Developers to Sell Cheap Condos. But Can You Find Them?

This piece will appear in this week’s print edition of the Washington City Paper.

In mid-June, Angela Peltzer moved into her brand-new condo at 14th Street and Florida Avenue NW with views of the Capitol, the Washington Monument, and possibly the Anacostia River.

“I think I can see the new stadium,” she says.

The purchase is a coup for someone who never thought she could afford a condo, wasn’t looking for one, and ended up paying below market price.

“I thought I was so far away from it,” she says. “My career had been in nonprofits and traveling around, and I never had any money.”

But last year, after attending a women’s seminar—“something along the terms of financial management, creating wealth”—she heard a lucky tip from a fellow attendee: A new building called the Solea was holding a lottery for designated affordable condos.

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