A rash of building demolitions has erased more than 700 units of affordable housing in the Washington D.C. area, but replacement buildings have not been constructed.
"The former Marlaine apartment building on North Pierce Street in North Arlington is an unsightly dirt lot surrounded by a chain-link fence. It's one of at least six Washington area buildings seemingly marooned by housing economics and changing times, representing more than 700 low-cost apartment units that have gone missing from the market during the recent real estate slump."
"Former tenants, neighbors and housing activists say it is a shame that these places were destroyed or left vacant when the need for affordable housing is so acute."
"Real estate industry executives say the market slowdown, coming after several years of an intense boom, is to blame for properties left dangling in limbo. More than two dozen proposed condominium projects have been canceled in the past year, according to Alexandria-based real estate information firm Delta Associates, because the market for high-end units has fizzled and investor-purchasers have vanished."
FULL STORY: Low-Cost Housing Eliminated, But Nothing Built in Its Place
Trump Administration Could Effectively End Housing Voucher Program
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