Affordability Baffles Planners and Politicians
1st December 2015
The Washington, DC, public housing authority has figured out how to solve the region’s affordability problems: Evict people from public housing, convert the dwellings into luxury homes, sell them at a profit, then use the profits to build more affordable housing. This cycle can be repeated endlessly, especially since it won’t really solve the problem.
The housing authority claims it is only selling homes at “scattered sites,” especially ones in “more desirable neighborhoods,” while it concentrates the subsidized homes in what must be less-desirable neighborhoods. In other words, it is increasing income segregation, exactly the opposite of the Department of Housing and Urban Development’s goal of promoting more integration of both races and incomes. Apparently, DC’s housing authority didn’t get the memo.
I’m sure that the real-estate developer friends of public officials (all Democrats, of course; this is D.C.) are quite pleased with the arrangement.