DC’s $100 million annual investment in the Housing Production Trust Fund (HPTF) is producing one-third fewer units today than 4 years ago, due to rising construction costs and other factors, a new analysis from DCFPI finds.
A property tax cut being considered by the DC Council would cut taxes for DC’s wealthiest homeowners, worsening DC’s already wide racial and economic inequities, according to an analysis by the DC Fiscal Policy Institute.
The surplus can only make a difference if DC’s leaders are ready to invest some of it back into DC communities.
The DC Council is voting today on legislation that puts new regulations on Airbnb and other short-term rentals, and is considering an unprecedented and inefficient approach that will set aside far more money than needed for the legislation.
As DC moves to implement a 2018 Supreme Court decision that allows cities and states to collect sales taxes on all online purchases, the city should use that additional revenue to meet high-priority needs, according to a number of community-based […]
The latest Census data show that although DC median income is rising, Black residents are not benefitting much from DC’s growing prosperity, and many people of color are still struggling to make ends meet.
The District stands out as a unique success story, through actions by DC’s leaders to ensure that the Temporary Assistance to Needy Families (TANF) program supports low-income families with children.
Today, the DC Fiscal Policy Institute released a report outlining how District leaders can adopt a “high-road” approach to economic development projects to support workers, strengthen the economy, and create higher quality projects.
The report shows that key DC tax rates have remained largely the same, and in some cases gone down, since the early 2000s.
Building the Foundation: A Blueprint for Creating Affordable Housing for DC’s Lowest-Income Residents contextualizes the District’s recent affordable housing investments and outlines a ten-year blueprint to address severe rent burden among DC’s extremely […]