Full Citation
Title: Washington Housing Initiative Context and Contribution
Citation Type: Miscellaneous
Publication Year: 2020
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Abstract: The Washington Housing Initiative, launched by the local real estate firm of JBG Smith in partnership with the Federal City Council (a nonprofit civic organization), acquires rental buildings in neighborhoods facing rising property values and keeps a majority of the apartments affordable for households with moderate incomes.1 It is one of a handful of innovative models designed to address worsening problems of unaffordable housing and neighborhood displacement in rapidly growing urban regions across the US prior to the COVID crisis. Distinctive features of the Washington Housing Initiative include its focus on unsubsidized rental properties that currently serve households with low and moderate incomes, its lack of reliance on federal housing subsidies, and its potential to attract new private capital to help address urgent housing affordability challenges.
User Submitted?: No
Authors: Turner, Margery Austin; O'brien, Mica
Publisher: Urban-Greater DC
Data Collections: IPUMS USA
Topics: Housing and Segregation
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