Posts Tagged ‘Washington Post’

City Chops $20 Million from Homeless Services Budget

I'm trying to be fair and balanced here. I'm really, really trying.
So after weeks of posting about homeless shelter closures and Petworth and Columbia Heights residents rejecting a planned shelter in their neighborhood, I typed up a post entitled "A (Tiny) Bit of Good News for D.C.’s Homeless."
It was about roughly 15 homeless people moving [...]

Watergate Hotel Reportedly Under Contract

In July, reporters and camera men from news outlets all over the world piled into a Friendship Heights office to witness the auction of the foreclosed Watergate Hotel.
Too bad, no one really bid.
One offer was tossed out: $25 million from the original lender for the purchase of the hotel, PB Capital. A lot of [...]

A (Tiny) Bit of Good News for D.C.’s Homeless

This past year has been a rough one for Washington D.C.'s homeless population.   September 26 marked the one-year anniversary of the closure of downtown's Franklin Shelter, and as the city's homeless get swept from the center of the District, they're not exactly being embraced by the neighborhoods.
But! There's good news for a handful of people, [...]

Thanks to Unemployment, Foreclosures Rise 17 Percent

The Washington Post is reporting that the total number of homes in foreclosure jumped 17 percent from the first quarter to the second quarter of 2009.
Since March, nearly 400,000 people have participated in President Barack Obama's Making Home Affordable program, which pays lenders to lower borrowers' monthly payments, according to the story.

Home Prices Nudge Up for the Third Month in a Row

Dallas: The city the housing crisis skipped over.
Home prices have increased, nationally, on a month-to-month basis for the third month in a row, according to the July Case-Shiller home price index released today.
In our area, home prices rose 1.8 percent in  from June to July—so we're faring a bit better than the national average of [...]

Wait, There’s a $15,000 Homebuyer Tax Credit Being Proposed?

The Washington Post writes again today about the upcoming deadline ending the $8,000 homebuyer tax credit program. President Barack Obama is mulling over extending the credit and several senators, including Maryland's Ben Cardin, have introduced a six-month extension of the tax credit.
But, wait! There's a completely different, more generous bill already out there, according to [...]

Streetcars Won’t Be Arriving on H Street Any Time Soon

In late August, constructions crews temporarily closed down sections of H Street NE so streetcar tracks could be laid down, prompting a number of people–like me–to go "Huh? What? Streetcar? Since when?" Or as one commenter to put it:
"I’m sorry, but how on earth does this make sense? It’s not going to connect to Union [...]

White House Considers Extending $8,000 HomebuyerTax Credit

This past weekend, the Washington Post did an excellent job envisioning a nightmare scenario: Searching, finding, going under contract and closing on a house by November 30.
Why the rush? The $8,000 first-time homebuyer tax credit is scheduled to expire by then.

Colombian Fiberglass Advertisements Popping Up All Over D.C.

This morning, I spotted what can only be described as a sculptural advertisement in Adams Morgan.
Well, I neglected to see the one literally diagonally across the street at the intersection of 18th Street and Columbia Road.
These things—40 of them, to be exact—should be popping up all over the place. Our photographer Darrow Montgomery reported [...]

How to Unload 50 Acres in an Economic Downturn

The Washington Post has an interesting article out today about a sweet spot in the housing downturn.
With so many development opportunities dried up now, landowners are looking to sell their properties, and counties are scrounging up money or tax incentives to buy them as parklands. Take, for example, this recent sale in Montgomery County:
Montgomery officials [...]