Friday, November 25, 2005

More on affordable housing

The Post has been doing a good job of keeping this issue in the news. The recommendations cited require more action on the pat of the City Council and the Administration.

"Fannie Mae's Stewart and the Urban Institute's Turner said the District needs to take steps to get more housing units on the market to decrease the pressure on home prices and rents. The city also needs to preserve its affordable housing stock, expand programs that subsidize rental housing for low-income renters and possibly even buy land for future construction of affordable units. 'There's not a one-size-fits-all strategy to address all of these affordability challenges,' Stewart said. 'There could be different strategies within the city depending on which neighborhood you are trying to impact.'"
Rents Rising Fast, Straining Many Families, Study Says

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