Will D.C.'s Housing Ever Be Affordable Again?

D.C.'s affordability problem arrived and grew-rapidly. For low-to-middle income households, average monthly rent in the District has gone up by between about $50 to nearly $400, adjusted for inflation, between 2002 and 2013. The number of apartments that cost less than $800 per month, adjusted for inflation, was nearly cut in half in that same time period . Incomes, meanwhile, have remained largely the same. Now, D.C.'s government is trying to ramp up efforts that would ease some of the pressure on the housing market and help more middle and low-income residents stay put. To do this, they're......(read more)

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