DC Council Must Prioritize Displacement Prevention and Affordable Housing Preservation
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By better targeting property tax benefits, the District could free up revenue to expand much-needed programs.
DC’s single-rate property tax imposes the same rate on $300,000 homes as it does on multi-million-dollar homes. By taxing residential property more progressively, the District would help correct the racist harm of past policies in the tax system and raise […]
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As prosperity and population in DC grow, residents with low incomes increasingly struggle with the District’s high and rising housing costs.
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Given the enormity of its affordable housing crisis, the District needs a thoughtful anti-displacement strategy that pairs long-term solutions with programs that meet residents’ urgent needs, and strong oversight of both.
Creating and preserving truly affordable housing is critical to disrupting historical harm and advancing racial equity in the District and this massive investment could go a long way towards addressing DC’s affordable housing crisis
Today, I will focus my testimony on the need to make essential investments in the Fiscal Year 2023 budget to both end homelessness and to ensure that the District is on a path to creating and preserving truly affordable housing