Opens profile photo
Follow
Ward 4 Dems of DC
@Ward4DemsDC
The Ward 4 Democrats of Washington, DC provide information & forums that are of interest to the 52,000 registered Democrats who live in Ward 4 of Washington DC.
Washington DCJoined September 2013

Ward 4 Dems of DC’s Tweets

And that's a wrap! Thanks so much to our panelists: Drew Hubbard, Sheldon Clark, Beth Mellen, and Will Merrifield. Thanks also to moderator James Wright, and to Anita Bonds for jumping on to answer questions about the Green New Deal. And thanks to all of you who attended!
Show this thread
Drew Hubbard: In October, a new program comes into effect called an Heirs Fund that helps people whose parents die without a will with the financial and legal burdens that result. This will help long time DC residents keep homes in their families.
1
Show this thread
Sheldon calls out the importance of preserving existing affordable housing, not just new construction. After 40 years buildings can revert to market rate. There's 1000s of units at risk in the next five years. And if there's no sale, there's no way to intervene like thru TOPA.
1
1
Show this thread
Beth: Regarding oversight, the HPTF often doesn't provide enough info for the community to oversee. We have a hard time figuring out how much $ the govt pays in subsidies. This year, the council put some HPTF transparency measures into the budget, which may help some.
1
1
Show this thread
Beth: During the pandemic, small landlords were constantly calling council members to say "we're struggling, people aren't paying rent". Renters need to be turning to the city council for help too, they can't just be hearing from landlords.
1
1
Show this thread
Drew (cont): These tax credits get renewed every 15 years, and the Trust Fund gets renewed every 40 years. We track income levels and make sure they're matched. We also check building conditions. We help ensure that these buildings are in compliance.
1
Show this thread
Q: What kind of oversight exists for these programs that are meant to ensure affordable housing? Drew Hubbard: A lot of our projects involve low income tax credits. Developers/owners of projects have to report back to the federal government when they use those tax credits.
1
Show this thread
About 15-16 years ago, National Harbor was being developed. When our moderator James Wright asked, he was told, "We will not have low income housing here!" He wonders, are we heading in the same direction with sites like Walter Reed?
1
Show this thread
Q: In Ward 4, we have the big Walter Reed development. Could low income people even afford to move there? Drew Hubbard: Walter Reed is a big project w/ lots of sub-projects targeting a mix of incomes. We fund affordable housing on those sites. The market handles higher incomes.
1
Show this thread
Beth: We work with people facing eviction. And the problem is rent is too damn high. They need subsidies, but subsidies can feed into the problem. Vouchers help the rent stay high. Beth urges the gov't to pursue "rent reasonableness" so vouchers don't give landlords a profit.
1
2
Show this thread
Beth: In Ward 4, there are 84,000 people in the ward. 40% black, 32% white, 25% latinx. Average value of owner-occupied housing is just over $850k. Median income in Ward 4 is $108,810. And 6% of families in Ward 4 have income below the federal poverty line.
1
1
Show this thread
Will: Average market rent in DC for a two bedroom is $38k. The average worker makes $31k. So there's gotta be subsidies somewhere, whether it's the government or someone else. There's a subsidy wait list, usually through vouchers. People die waiting for subsidies.
1
Show this thread
Q: What are the number and % of households in Ward 4 at these various MFI levels? A: Ward 4 is representative of the city, with ppl at a variety of income levels. If you look at rent burden, almost half in DC are rent burdened. So I'd guess half of ward 4 is rent burdened.
1
Show this thread
Sheldon: The gov't is accountable to people through elections, but people want control of their community on a day-to-day basis. He believes that in addition to gov't run social housing, we need to use "all the tools in the toolbox". Wants a mix of public + private.
1
Show this thread
Will (cont): More than $200 million of prime real estate in Southwest DC was given to a for-profit developer for $1. Goldman Sachs'-funded developers built luxury housing. And now rents and cost of housing in Southwest DC has skyrocketed. It profits Wall St, not DC residents.
1
3
Show this thread
Will (cont): Social housing is economically efficient. It cuts out the developer, because the government is leading development. "Social housing is deeply affordable, mixed income housing that pays for itself." It decommodifies housing and removes it from international markets
1
3
Show this thread
Will: What DC is doing is not social housing. Social housing is when the government builds housing. It's mixed income, with people at all levels of income paying no more than 30% of their rent. Because social housing is mixed income, it pays for itself.
1
3
Show this thread
Drew says the main program is the Housing Production Trust Fund. Developers come to the Fund to get extra $$ they need. This comes with a 40 year covenant to ensure affordable housing. Notes that the Trust Fund hasn't funded new construction over 50% MFI in the last 5 years.
1
1
Show this thread
Sheldon: Some people think about housing as an investment. But a lot of people really need housing *as housing*. We need to prioritize the people who need housing as housing. We need to think about pegging housing appreciation to income. This is the limited equity approach.
1
2
Show this thread
Beth: The median rent for a 1 bedroom in DC is over $2,000 a month. You need two adults with jobs and often that isn't enough. Also, speculators can offer all cash to buy+flip homes. They beat out people who have to work with banks + government programs for help with mortgages.
2
Show this thread
Will: The median home cost in DC recently crossed the $1 million mark. A problem in DC and across the country is the way we're producing housing. DC is attracting Wall Street investors who want to build luxury properties to maximize profits. But that's not what DC needs.
1
Show this thread