The D.C. Fiscal Policy Institute, an organization dedicated to analyzing tax and budget data in the District, published a report in 2017 about the $300 million, which included “public land and cash subsidies through D.C.’s Tax Increment Financing (TIF) and […]
In 2017, the DC Fiscal Policy Institute…issued an analysis that said, “The District of Columbia’s economic development efforts — including the enormous Wharf project — too often support creation of low-wage jobs with minimal benefits, because they do […]
“…there is still a strong desire for living in cities themselves and not just near them, said Erica Williams, executive director of the DC Fiscal Policy Institute. But she said the District should diversify its efforts to draw people in.”
“We all want a thriving downtown. But the Mayor’s proposal is tailor-made for developers—and it comes at the expense of DC residents and the District’s commitment to equity,” the DC Fiscal Policy Institute said…
“…some left-leaning advocacy organizations like the DC Fiscal Policy Institute have noted that Bowser’s proposal lowers affordability requirements and offers developers who make conversions a 15-year exemption from the Tenant Opportunity to Purchase Act…”
“A D.C. Fiscal Policy Institute report found the city lost roughly half of its low-cost rental units at $750 or less a month in the preceding decade, while units over $1,500 more than tripled in that time and incomes did not keep pace.”
“Developers who feel it’s going to benefit their bottom line will do it without an incentive,” said Erica Williams, director of the D.C. Fiscal Policy Institute. “This is a very costly proposal for an unproven program.”
Erica Williams, the head of the D.C. Fiscal Policy Institute, told DCist that she would prefer to see a loan or grant program to reduce the “upfront capital cost.”
“It’s urgent, because people literally die because they are chronically homeless,” Kate Coventry, the report’s author and deputy director of legislative strategy for DCFPI said at an event promoting the report. “And they die from diseases the rest of […]
“There are good ideas, and could be part of a plan to get to this massive shift in incomes, but it’s not sufficient to get there. Not even close,” Williams said. “I would’ve expected to see policy ideas that match the magnitude of the change that […]