Reply to Several Affordable Housing Developers Are on the Verge of Collapse

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[quote=Anonymous][b]DC housing crisis looms as rent payments fall behind: 'People could be put on the street’[/b]

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

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