WASHINGTON (AP) – A new study has concluded that affordable rental housing has all but disappeared from the private market in the nation’s capital.
The report issued Thursday by the D.C. Fiscal Policy Institute found that the number of apartments with a monthly rent of $800 or lower shrunk from about 58,000 in 2002 to 33,000 in 2013.
That means the number of apartments with rent that low roughly matches the number of housing units subsidized by the federal government or the city. The study concludes that families without housing assistance “have no choice but to devote most of their income for rent.”
Meanwhile, the number of units in the District of Columbia with rent above $1,600 rose from 20,000 in 2002 to nearly 57,000 in 2013.
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