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[quote=Anonymous]The Washington Post: [b]D.C. misused nearly $82 million meant to provide housing to the city's poorest residents, IG says.[/b]
https://www.washingtonpost.com/dc-md-va/2021/10/01/dc-inspector-general-affordable-housing/

According to the article,

“ The Office of Inspector General found that D.C. officials could not guarantee that 88 percent of 209 development deals backed by D.C. loans specifically created to underwrite affordable-housing projects — to the tune of nearly $795 million in public funds — actually built or preserved affordable housing units.”

“ In several cases, the report stated, D.C. overpaid developers beyond what had been requested in project proposals and without seeing the number of affordable housing units in those buildings increase accordingly. This overpayment, the OIG found, resulted in a loss of more than $14 million in fiscal 2020.”

Mayor Bowser and her planning office sold the recent Comprehensive Plan amendments and the significant increases in density in DC neighborhoods under the Future Land Use Map (FLUM) as somehow creating incentives for affordable housing.  But of course, it was all about doing regulatory favors to create windfall profits opportunities for her developer friends, not about building affordable housing.  As the IG report makes clear, the DC government can’t even get much affordable housing when it gives away taxpayer money, not just regulatory benefits, to its favored developers.  It's corrupt and shameful.

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