“Advocates like Golding also hope to limit rent increases further while also making it harder to remove units from rent control.”
“Eliana Roberts Golding, Senior Policy Analyst for Housing and Workforce Development?at the DC Fiscal Policy Institute, said it’s a question of economic policy priorities in a society that sees?housing?as a commodity and not a basic human right.”
“Having this lower cap is going back to the idea of what rent control is in the first place — it’s not a landlord protection, it’s a renter protection,” said Eliana Golding, a housing analyst at the DC Fiscal Policy Institute.
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.”