The Impact of Foreclosures on Home Ownership and Affordable Housing in the District of Columbia

Testimony

The Impact of Foreclosures on Home Ownership and Affordable Housing in the District of Columbia

May 29, 2009

Abstract

In this testimony before members of the D.C. City Council, Peter Tatian, senior researcher in the Urban Institute's Metropolitan Housing and Communities Policy Center and director of NeighborhoodInfo DC, presents recent data showing that the national foreclosure crisis has not spared households in the District of Columbia. Although the intensity of the foreclosure problem is not as severe as in other parts of the region, the nation's capital has seen a marked and steady increase in foreclosures since the beginning of the housing market downturn.

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