PropertyProf Blog

Editor: Stephen Clowney
Univ. of Arkansas, Fayetteville

Wednesday, July 10, 2013

When Affordable Housing Goes Wrong

The Washington Post looks at the failure of the District's most recent affordable housing initiative.  The  story focuses on the rise and fall of The New Communities Initiative, a plan to "marshal hundreds of millions of dollars in public and private investment" to upgrade the city's Temple Courts neighborhood into mixed income community that "would serve as a template for remaking other violent neighborhoods in the District."

Spoiler alert: Incompetence and unforeseen title problems doom the project.

Steve Clowney

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