Viewing a single comment thread. View all comments

MAX_cheesejr t1_j8xpeyl wrote

I don't think people recognize that landlords and developers are assuming the responsibility and risk of developing higher density housing as opposed to the city building exclusively low-income housing. It's better to blend people with low-income into the community so that they can benefit from the infrastructure and resources that come with a higher incoming earning population.

That's the whole reason DC's strategy is to get developers to offer a percentage of their housing as low income in exchange for grants and tax breaks. This even helps old people who owns homes cash out on the equity of their home and move into something they can afford.

You guys want DC to handle housing? They built a park in my neighborhood on land they already owned and they paid the contractors over half a million dollars for a simple playground. The ANC's wanted a million.

If you are a DC landlord you cannot discriminate on source of income, credit score, criminal history. Sure the rent is guaranteed but so long as they are under the HCVP. If you want to evict someone for non compliance in dc it takes about 6-12 months.

Complain as much as you want but their is a housing shortage in DC and I can tell you I rented a property and I would say about 90% of the inquiries were HCVP and there were about 200 inquiries. That's a ton of people on HCVP looking for homes and they are often looking for housing for 4 people or greater. HCVP also does not pay as much as market rates in the area. There are a ton of people looking for homes and only developers are willing to undertake the risk of HCVP because they have the scale to do it.

There's so much licensing crap you have to do just for 1 unit, if they made it easier and shortened the court process in case something adverse happens then more landlords will sign up for HCVP. Out of the 31,744 affordable units and 790 housing providers in HCVP there are only 227 providers with 1-2 units and only provide 322 units.

0