Several Affordable Housing Developers Are on the Verge of Collapse

[Anonymous]

DC housing crisis looms as rent payments fall behind: 'People could be put on the street’

WASHINGTON - Experts are warning that some affordable housing developers in the District are on the verge of collapse. Now, lawmakers say it’s time to crack down on one of the key factors at the root of the problem: tenants not paying their rent.

According to insiders, affordable housing properties in Washington, D.C., could face closures in the coming months, potentially leaving thousands of residents without a home. This looming crisis has largely flown under the radar.

D.C. Councilmember Robert White, chairman of the Council's Housing Committee, expressed concern.

"One fear is that people could be put on the street if housing projects close down," White said.

White highlighted that for-profit developers of affordable housing in D.C. are nearing collapse.

More: https://www.fox5dc.com/news/dc-housing-crisis-looms-rent-payments-fall-behind-people-could-be-put-street

Also: https://www.bisnow.com/washington-dc

[Anonymous]

[Anonymous]

This sounds like it came from the Onion.

[Anonymous]

Well when DC is tenant friendly what do you expect. Those tenants know the loopholes and DC does nothing.

[Anonymous]

DC taxpayers will bailout the developers obviously, surprised it's even news.

[Anonymous]

This story sounds like it was written by the developers as a way to get themselves more government money.

[Anonymous]

Anonymous wrote:DC taxpayers will bailout the developers obviously, surprised it's even news.

Of course. We can't allow private businesses to go bankrupt if they are somehow tied to the public good.

[Anonymous]

Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

[Anonymous]

Anonymous wrote:DC taxpayers will bailout the developers obviously, surprised it's even news.

Jamal is already selling off lots of things, I doubt there will be a bailout. Future slum lords come to mind though.

[Anonymous]

This will be a great time to demolition old affordable garden apartments and redevelop them in to mid-rise and high-rise market-rate buildings with a lottery to apply for a few affordable units in those buildings.

[Anonymous]

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

Or DC. They should stay in DC. You get what you voted for

[Anonymous]

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

Or DC. They should stay in DC. You get what you voted for

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

You know what I believe housing is a human right that you have the right to get up every day and work for, just like everyone I know does. I am not of the belief that people are not capable of providing for themselves. When I could afford less I had roommates, lots of roommates, was it idea? No! But that's what I had to do to have a roof over my head, I am not interested in paying for others housing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

How about you provide your address and I'll make sure that the powers that be know you are willing to provide free housing under your roof at your expense since it makes you feel special.